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Fly News Breaks for January 17, 2017
LAMR
Jan 17, 2017 | 08:33 EDT
As previously reported, Goldman upgraded Lamar Advertising to Buy from Neutral and raised its price target to $80 from $67. Analyst Drew Borst said Lamar is positioned to benefit from rising optimism among US small businesses. He thinks accelerating revenue growth, but also REIT investors re-examining the company due to its short duration contracts and comparatively low AFFO multiples, will drive multiple expansion.
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