Wells Fargo analyst Steven Cahall upgraded Clear Channel Outdoor to Overweight from Equal Weight with a price target of $2.75, up from $1.50. Given inflecting growth and “a clearer path towards streamlining into America + Airports,” the firm sees shares rerating closer to domestic peers, the analyst tells investors.
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Read More on CCO:
- CLEAR CHANNEL OUTDOOR HOLDINGS, INC. REPORTS RESULTS FOR THE THIRD QUARTER OF 2023
- Clear Channel Outdoor cuts FY23 revenue view to $2.09B-$2.19B from $2.47B-$2.54B
- Clear Channel Outdoor sees Q4 revenue $591M-$618M, consensus $700.43M
- Clear Channel Outdoor reports Q3 revenue $526.79M, consensus $594.92M
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