Art & Commerce: First Look

The last person to cover the advertising sector at Donaldson, Lufkin & Jenrette got promoted to research director, leaving the stocks in analytic limbo. A couple of weeks ago, however, the New York brokerage firm resumed its coverage of some of these equities when rookie Dave McMurry issued his debut report.
He likes most of the stocks right now. Omnicom being his top pick and Interpublic and WPP rating yawns.
McMurry makes the case that, despite the generally good performance of the stocks, and notwithstanding the solid financial results posted by most of the companies–and reflected already in their prices–there’s more good news in store for investors.