Two Firms Upgrade Lamar Advertising (LAMR) Today; Barclays and UBS Maintain Equalweight/Neutral
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Price: $48.67 +1.14%
Rating Summary:
6 Buy, 11 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
6 Buy, 11 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade LAMR Now!
Barclays maintains an 'Equalweight' on Lamar Advertising (NASDAQ: LAMR) price target raised to $32.
Analyst, Anthony J. DiClemente, said, "LAMR reported strong 4Q pro forma revenue growth of 4%, ahead of guidance for 2.5% growth. Also, cost saves from lower bonus payments led to EBITDA margin expansion of 190 bps y/y, as reported EBITDA of $125.8M came in solidly above our estimate of $118.6M. 1Q guidance of 3% revenue growth was above Street
expectations; however, we are modeling 3.5% top-line growth for 1Q, as we believe guidance is likely conservative given the benefit of later-cycle recovery tailwinds."
DiClemente raises PT to $32, citing more positive outlook, but maintains an Equalweight, saying the shares are close to fully valued.
Two other firms, Caris & Co. and MKM Partners, upgraded LAMR to Average/Neutral, respectively.
UBS maintained a Neutral, but raises its forward-looking numbers.
For an analyst ratings summary and ratings history on Lamar Advertising click here. For more ratings news on Lamar Advertising click here.
Shares of Lamar Advertising closed at $33.07 yesterday, with a 52 week range of $16.49-$41.14.
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Analyst, Anthony J. DiClemente, said, "LAMR reported strong 4Q pro forma revenue growth of 4%, ahead of guidance for 2.5% growth. Also, cost saves from lower bonus payments led to EBITDA margin expansion of 190 bps y/y, as reported EBITDA of $125.8M came in solidly above our estimate of $118.6M. 1Q guidance of 3% revenue growth was above Street
expectations; however, we are modeling 3.5% top-line growth for 1Q, as we believe guidance is likely conservative given the benefit of later-cycle recovery tailwinds."
DiClemente raises PT to $32, citing more positive outlook, but maintains an Equalweight, saying the shares are close to fully valued.
Two other firms, Caris & Co. and MKM Partners, upgraded LAMR to Average/Neutral, respectively.
UBS maintained a Neutral, but raises its forward-looking numbers.
For an analyst ratings summary and ratings history on Lamar Advertising click here. For more ratings news on Lamar Advertising click here.
Shares of Lamar Advertising closed at $33.07 yesterday, with a 52 week range of $16.49-$41.14.
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