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Fly News Breaks for February 26, 2020
LAMR
Feb 26, 2020 | 08:55 EDT
MKM Partners analyst Eric Handler raised his price target on Lamar Advertising to $92 after its Q4 results and FY20 guidance, saying the company's business performance was "solid" and its outlook appears "favorable" given the market demand. The analyst notes that that the 4.5% revenue growth required to meet the REIT's FFO target should come from its organic growth, incremental contributions from programmatic and political spending, and a full year's benefit from some $225M in acquisitions made in 2019.