On the final edition of the morning mail for this week, Philip Anglin continues the discussion with Evans and Partners international equities analyst Stephen Arnold.
With US equity markets (both hedged and unhedged) continuing to outperform the Australian equity markets calendar year date, Stephen initiates coverage of another US listed company - Omnicom.
Omnicom is the world’s largest advertising agency holding company and is a market leader in the media space. Based on Stephen’s valuation and historical valuation multiples, the company is trading at a discount at current prices. The detailed research report for Omnicom is available from your adviser or via the Evans and Partners website.
