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Fly News Breaks for November 4, 2016
LAMR
Nov 4, 2016 | 08:26 EDT
After Lamar provided Q4 guidance that Wells Fargo characterizes as "less than enthusiastic," the firm says that ad spending appears to have slowed due to the election. However, the firm says there is no major underlying issue in ad fundamentals, and a recession does not appear to be imminent. It notes that the company's same board digital trends are positive, and it recommends buying the stock on yesterday's weakness.
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