Morgan Stanley raised the firm’s price target on Lamar Advertising (LAMR) to $135 from $125 and keeps an Equal Weight rating on the shares. The firm is raising total growth estimates following Q3 results and updated full year guidance, noting that it expects double digit dividend per share growth in both 2024 and 2025.
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Read More on LAMR:
- Lamar Advertising price target lowered to $124 from $132 at Wells Fargo
- Lamar Advertising Reports Solid Q3 Growth
- Morning Movers: Expedia, Airbnb moving in opposite directions after results
- Lamar Advertising raises FY24 AFFO view to $7.85-$7.95 from $7.75-$7.90
- Lamar Advertising reports Q3 AFFO $2.15, consensus $2.21