UPDATE: Morgan Stanley Reiterates on Interpublic Group of Companies as Expectations are Dialed Back

In a report published Wednesday, Morgan Stanley analyst Benjamin Swinburne reiterated an Equal-Weight rating on Interpublic Group of Companies (NYSE: IPG ), but lowered the price target from $19.00 to $18.00. In the report, Morgan Stanley noted, “While our expected '14 growth rate is unchanged and may prove conservative, the