Shares in advertising agency Publicis fall 2.9 percent, reversinga portion of recent lofty gains, as traders cite a downbeat research note on thecompany from Exane analysts.
"Third-quarter organic growth might not be as strong as expected ... A dullthird quarter on the back of the 10-year high share price could disappoint inthe near term but should provide a good entry point for an attractive long-termstory," the analysts write.
However, the analysts maintain their 'outperform' recommendation on thestock, saying that history suggests that the market reaction to even anegligible miss on organic growth is often excessive.
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