Outfront Media price target lowered to $18 from $21 at Citi

Citi lowered the firm’s price target on Outfront Media to $18 from $21 and keeps a Buy rating on the shares post the Q2 report. The company revised its outlook for the full year, suggesting 2023 funds from operations could decline high-single to low-double digits from 2022 levels, the analyst tells investors in a research note.