0923 GMT - There is little certainty on WPP's path to return to top-line growth and its current asset mix, but asset sales could change the picture, Goldman Sachs's Adam Berlin and James Tate say in a research note. "We believe it may be challenging for WPP to return to organic growth in the near term without a reshaping of its portfolio," the analysts say. The U.K. advertising group is expected to report a fall in its key organic top-line metric this year, its seventh year of declines in the past decade, and margins remain under pressure with inflation outstripping revenue growth, they add. Goldman Sachs starts coverage of WPP with a sell recommendation on the stock and a target price of 240 pence. Shares fall 2.1% to 272.50 pence. (adria.calatayud@wsj.com)

(END) Dow Jones Newswires

June 03, 2026 05:23 ET (09:23 GMT)

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