WPP Announces Change in Voting Rights by Major Shareholder
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WPP plc announced a change in voting rights due to Schroders Plc's acquisition or disposal, reducing its stake from 5.028373% to 4.993032%. This adjustment affects WPP's shareholder structure and may influence strategic decisions. Analysts rate WPP stock as Hold with a $21.00 target, noting strong financials but bearish technicals. WPP, a global advertising leader, faces high leverage and declining revenue but offers value with a low P/E ratio and high dividend yield.
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