PARIS, Oct 11 (Reuters) - Shares in Publicis
slumped on Friday after the world's third-biggest advertising
company cut its full-year sales target again.
Publicis was down 13% in early session trading, which also
dragged down rival WPP.
Investment banks Macquarie and SocGen both cut their
recommendations on Publicis, with SocGen cutting Publicis to
"hold" from "buy".
Late on Thursday, Publicis, which competes against bigger
rivals WPP and Omnicom, said it now expected sales to
fall by about 2.5% on an underlying basis, compared to a
previous outlook of "broadly stable net revenue".
(Reporting by Sudip Kar-Gupta; editing by Jason Neely)