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Fly News Breaks for December 20, 2017
LAMR
Dec 20, 2017 | 06:39 EDT
Citi analyst Jason Bazinet downgraded Lamar Advertising to Sell while raising his price target for the shares to $68 from $66. The company's valuation has reached record levels despite the outlook for outdoor advertising slowing from 6% annual growth in 2011 to 2% annual growth in 2017 to 2020, Bazinet tells investors in a research note.
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