Morgan Stanley analyst Cameron McVeigh maintains $Lamar Advertising Co (LAMR.US)$ with a hold rating, and adjusts the target price from $125 to $135.
According to TipRanks data, the analyst has a success rate of 42.9% and a total average return of -6.6% 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 subsequent to Q3 outcomes and revised guidance for the full year. It anticipates that there will be a double-digit growth in the dividend per share for the years 2024 and 2025.
Despite revenues that were marginally below expectations, earnings per share and adjusted funds from operations met projections. The company benefited from robust local and programmatic demand which balanced out a weaker national performance, and the third quarter saw a positive impact from heightened political advertising expenditures.
Lamar Advertising's third-quarter outcomes demonstrated subdued core revenue growth, persisting challenges from national advertising, presenting potential concerns for growth expectations leading into 2025.
Note:
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