UBS Maintains a 'Sell' on Lamar Advertising (LAMR); Solid 3Q; Cautiously Raising 4Q/ 2012
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Price: $150.77 -0.16%
Rating Summary:
5 Buy, 11 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
5 Buy, 11 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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UBS maintains a 'Sell' on Lamar Advertising (NASDAQ: LAMR) price target raised $2 to $18.
UBS analyst says, "LAMR reported a strong 3Q with rev +3.2% vs. our 0.9% (Street +1.6%) and EBITDA of $133M vs. our $129M (Street: $130M). LAMR guided to +2.5% rev growth in 4Q, however, we are conservatively raising our PF 4Q/’12 rev growth to +2.3%/2.2% vs. prior +0.5%/0.9%, as we still have concerns on a NT slowing macro and LT secular pressures. We are increasing exp growth to +2.5%/1.8% vs. prior +1.5%. Net-net, our 4Q/‘12 EBITDA is $119M/$495M (vs. prior $112M/$462M). While we admit there are few NT catalysts, we maintain our Sell."
For more ratings news on Lamar Advertising click here and for the rating history of Lamar Advertising click here.
Shares of Lamar Advertising closed at $26.07 yesterday.
UBS analyst says, "LAMR reported a strong 3Q with rev +3.2% vs. our 0.9% (Street +1.6%) and EBITDA of $133M vs. our $129M (Street: $130M). LAMR guided to +2.5% rev growth in 4Q, however, we are conservatively raising our PF 4Q/’12 rev growth to +2.3%/2.2% vs. prior +0.5%/0.9%, as we still have concerns on a NT slowing macro and LT secular pressures. We are increasing exp growth to +2.5%/1.8% vs. prior +1.5%. Net-net, our 4Q/‘12 EBITDA is $119M/$495M (vs. prior $112M/$462M). While we admit there are few NT catalysts, we maintain our Sell."
For more ratings news on Lamar Advertising click here and for the rating history of Lamar Advertising click here.
Shares of Lamar Advertising closed at $26.07 yesterday.
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