UPDATE: The Benchmark Company Lowers PT to $18 on Lamar Advertising Company

By Joe Young
Benzinga Staff Writer
November 02, 2011 11:00 AM

Symbols: LAMR

Posted in: Analyst Color, Earnings, News, Price Target, Analyst Ratings

A report from The Benchmark Company reiterates its Hold rating and lowers it price target from $24 to $18 on Lamar Advertising Company (NASDAQ: LAMR).

The report states, “We are lowering our estimates on Lamar Advertising… as outdoor advertising growth appears to have stalled. Industry comparable Clear Channel Outdoor (CCO-Hold) said that its US operations were pacing flat in 4Q11."

LAMR closed yesterday at $20.75.

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UPDATE: The Benchmark Company Lowers PT to $18 on Lamar Advertising Company

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