Publicis shares pummeled after advertiser cuts outlook
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PARIS (Reuters) - Shares in Publicis tumbled on Friday to their lowest level in more than seven years after the world's third-biggest advertising company cut its full-year sales target again.The change in company guidance reflected yet again the hardships that traditional ad groups face, with revenues being squeezed by competition from Facebook and Google as well as tightening budgets by major clients.Publicis was down 13% in early trading on Friday, also dragging down the shares of British..