Lamar Advertising (LAMR) Reports Q1 AFFO of $0.88

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Lamar Advertising (LAMR) PT Lowered to $72 at MKM Partners Following 1Q Adj. EBITDA Miss; 'Reducing Estimates on 1Q AFFO Per Share Miss'

May 5, 2017 11:07 AM EDT

MKM Partners lowered its price target on Lamar Advertising (NASDAQ: LAMR) to $72.00 (from $73.00) while maintaining a Neutral rating, following the company's first quarter earnings report.

Analyst Eric Handler notes the company produced first quarter revenues that were in-line with the Street, while offering... More