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Fly News Breaks for May 6, 2015
LAMR
May 6, 2015 | 15:31 EDT
Wells Fargo noted that Lamar Advertising did not raise its FY15 AFFO per share guidance despite a Q1 beat, but that management stated on the company's earnings call that they had considered doing so, though they'd prefer to wait for further clarity on Q4 trends given the tough comps to that quarter of last year. The firm, which said it thinks the current AFFO outlook is likely conservative, maintains its Outperform rating on Lamar Advertising shares.
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