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Fly News Breaks for September 4, 2019
CCO
Sep 4, 2019 | 08:36 EDT
Barclays analyst Kannan Venkateshwar started Clear Channel Outdoor Holdings with an Overweight rating and $3 price target. Out-of-home advertising remains important at ~$30B in spending globally and among the most resilient, Venkateshwar tells investors in a research note. With digital billboard spending growing faster than even search and social media, Clear Channel faces a "secular tailwind that is still in a relatively early phase," says the analyst.
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