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J.P. Morgan Reaffirms Their Buy Rating on Outfront Media (OUT)

Tipranks - Tipranks - Sun Mar 1, 6:12AM CST

J.P. Morgan analyst David Karnovsky maintained a Buy rating on Outfront Media yesterday and set a price target of $28.00. The company’s shares closed yesterday at $28.81.

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Karnovsky covers the Communication Services sector, focusing on stocks such as IMAX, Madison Square Garden Sports, and Sphere Entertainment. According to TipRanks, Karnovsky has an average return of 15.0% and a 65.98% success rate on recommended stocks.

In addition to J.P. Morgan, Outfront Media also received a Buy from Citi’s Jason Bazinet in a report issued yesterday. However, on February 26, TipRanks – OpenAI reiterated a Hold rating on Outfront Media (NYSE: OUT).

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Based on Outfront Media’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $513.3 million and a net profit of $96.8 million. In comparison, last year the company earned a revenue of $493.2 million and had a net profit of $74 million

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