JPMorgan raised the firm’s price target on Lamar Advertising to $109 from $92 and keeps a Neutral rating on the shares. The company reported solid Q4 results and 2024 guidance but expense growth limits its margin expansion, the analyst tells investors in a research note.
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Read More on LAMR:
- Lamar Advertising sees FY24 AFFO $7.67-$7.82, consensus $7.68
- Lamar Advertising reports Q4 AFFO $2.10, consensus $1.95
- Lamar Advertising Company Announces Fourth Quarter and Year Ended December 31, 2023 Operating Results
- Lamar Advertising Announces Quarterly Cash Dividend
- Lamar Advertising Company Announces Cash Dividend on Common Stock
