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TD Cowen Sticks to Their Buy Rating for Lamar Advertising (LAMR)

Tipranks - Tipranks - Tue Feb 24, 5:40AM CST

In a report released today, Lance Vitanza from TD Cowen maintained a Buy rating on Lamar Advertising, with a price target of $150.00.

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Vitanza covers the Communication Services sector, focusing on stocks such as TKO Group Holdings, Clear Channel Outdoor, and Liberty Media Liberty Formula One. According to TipRanks, Vitanza has an average return of 19.7% and a 45.57% success rate on recommended stocks.

In addition to TD Cowen, Lamar Advertising also received a Buy from TipRanks – OpenAI’s OpenAI REIT – Specialty in a report issued on February 20. However, on the same day, Morgan Stanley maintained a Hold rating on Lamar Advertising (NASDAQ: LAMR).

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Based on Lamar Advertising’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $595.93 million and a net profit of $152.29 million. In comparison, last year the company earned a revenue of $579.57 million and had a GAAP net loss of $1.2 million

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