Market Overview

Deutsche Bank Reiterates Buy Rating, $45 PT on Lamar Advertising

Share:
Related LAMR
Key Takeaways From The REITWeek 2015 Specialty REIT Panel Discussion
REITWeek Is Here: Let's Get The Party Started

In a report published Monday, Deutsche Bank reiterated its Buy rating and $45.00 price target on Lamar Advertising (NASDAQ: LAMR).

Deutsche Bank noted, “We launched coverage on Lamar last week, and feel incrementally positive with our Buy rating for two reasons: 1) we have found a potential precedent for the qualification of digital displays as REIT income, and 2) market expectations for digital displays qualifying are only 60% according to our survey, which indicates that there is money to be made as the uncertainty discount lifts. In our view, the current valuation is not pricing in the full upside from conversion to a REIT, which we view as likely in 2014, including the digital displays.”

Lamar Advertising closed on Friday at $37.55.

Latest Ratings for LAMR

DateFirmActionFromTo
Mar 2015Topeka CapitalDowngradesBuyHold
Feb 2015JP MorganMaintainsNeutral
Feb 2015CitigroupDowngradesBuyNeutral

View More Analyst Ratings for LAMR
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Reiteration Analyst Ratings

 

Related Articles (LAMR)

Get Benzinga's Newsletters