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Stock Market & Financial Investment News

News Breaks
February 5, 2014
05:03 EDTLAMRLamar Advertising upgraded to Buy from Neutral at Citigroup
Citigroup upgraded Lamar Advertising citing lower cash interest expense assumptions and the potential for tuck-in acquisitions. The firm raised its price target fro shares to $55.50 from $54. Note Citi downgraded Lamar to Neutral on January 22.
News For LAMR From The Last 14 Days
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March 6, 2015
10:00 EDTLAMROn The Fly: Analyst Downgrade Summary
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06:26 EDTLAMROutfront most likely buyer of Clear Channel's U.S. assets, says Citigroup
Citigroup views a sale of Clear Channel Outdoor's (CCO) U.S. arm as the most likely option after the company splits its domestic and international units. Citi believes the purchase of Clear Channel Outdoor's U.S. business would be accretive to both Lamar Advertising (LAMR) and Outfront Media (OUT). Due to leverage, Citi estimates Lamar's stock would rise by about 7%-8% while Outfront shares would jump 11%-16% under an acquisition scenario. The firm believes Outfront is the most likely buyer of the assets and upped its price target for shares to $33.50 from $30 while keeping a Buy rating on the name. It keeps a Neutral rating on Lamar.
06:01 EDTLAMRLamar Advertising downgraded to Hold from Buy at Topeka
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February 26, 2015
11:10 EDTLAMRLamar Advertising lowers dividend to 68c, keeps annual rate of $2.75
Lamar Advertising announces that its board has declared a quarterly cash dividend of 68c per share payable on March 31, to stockholders of record on March 17. Lamar expects aggregate quarterly distributions to stockholders in 2015 will total $2.75 per common share. The dividend is below the 84c the company paid last quarter. However, the annual rate of $2.75 is the same amount Lamar guided to in December 2014 for 2015.
10:00 EDTLAMROn The Fly: Analyst Downgrade SummaryStarz
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06:17 EDTLAMRLamar Advertising downgraded to Neutral from Buy at Citigroup
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February 25, 2015
06:14 EDTLAMRLamar Advertising sees FY15 adjusted FFO $4.34-$4.45
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06:14 EDTLAMRLamar Advertising reports Q4 EPS $2.18, adjusted FFO $1.23
Reports Q4 revenue $336.7M, consensus $325.83M.

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