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Fly News Breaks for July 13, 2017
LAMR, OUT
Jul 13, 2017 | 07:38 EDT
Loop Capital analyst David Miller said his contacts within the media buying community are discussing a "spillover effect" from the much better than expected TV upfronts that is causing certain advertisers to be priced out of television and move to out-of-home instead. The greatest beneficiary could be Outfront Media (OUT), because much of its revenues come from national advertisers, compared to competitor Lamar Advertising (LAMR), which is more locally focused, Miller tells investors. He keeps Buy ratings on both Outfront and Lamar.
News For OUT;LAMR From the Last 2 Days
