TD Cowen analyst Lance Vitanza maintains $Lamar Advertising Co (LAMR.US)$ with a buy rating, and adjusts the target price from $140 to $160.
According to TipRanks data, the analyst has a success rate of 59.5% and a total average return of 35.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Lamar Advertising Co (LAMR.US)$'s main analysts recently are as follows:
The firm is increasing its total growth estimates following Q3 results and the updated full year guidance, anticipating that there will be double digit dividend per share growth in both 2024 and 2025.
Lamar Advertising's revenues were slightly below expectations, but EPS and AFFO met projections. The company benefited from robust local and programmatic demand which balanced out a weaker national performance. Additionally, a surge in political spending contributed positively to the third quarter.
Lamar Advertising experienced softer core revenue growth in Q3, persisting challenges from national advertising. There's perceived risk concerning the growth outlook towards 2025.
Note:
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