Omnicom Group (OMC) Stock Jumps as UBS Lifts Target to $108 on IPG Mega‑Merger UpsideOmnicom GroupOmnicom Group (OMC) Stock Jumps as UBS Lifts Target to $108 on IPG Mega‑Merger Upside
Omnicom shares rose 4–6% to around $73–75 on December 5 after UBS raised its price target to $108, citing stronger-than-expected synergies from the IPG acquisition. The company announced 4,000 new job cuts, bringing total recent reductions to about 10,000. Despite the rebound, Omnicom remains down about 16–17% year-to-date and trades near its 52-week low.