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Wells Fargo Remains a Hold on Lamar Advertising (LAMR)
In a report released today, from Wells Fargo maintained a Hold rating on Lamar Advertising, with a price target of $136.00.
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In addition to Wells Fargo, Lamar Advertising also received a Hold from Morgan Stanley’s Cameron McVeigh in a report issued yesterday. However, on February 20, TD Cowen maintained a Buy rating on Lamar Advertising (NASDAQ: LAMR).
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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