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Merrill Lynch on Thursday downgraded its rating of Interpublic’s stock to “sell” from “neutral” with a high risk of volatility, while Bear Stearns maintained its “peer perform” outlook. Analysts from both firms agreed that account losses such as Bank of America and General Motors’ media duties raise questions about IPG’s stability as it prepares to report long-overdue financial results, in about three weeks.
Sprite U.S. Duties Shift to CP+B
NEW YORK MDC’s Crispin Porter + Bogusky last week won U.S.
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