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Stock Market & Financial Investment News

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March 4, 2014
07:26 EDTLAMRChances of Lamar Advertising REIT conversion has increased, says Wedbush
After Lamar Advertising stated that it expects positive news very soon on its REIT conversion, Wedbush believes that the chances of the company converting to a REIT soon have increased. The firm continues to believe that the IRS will likely make a favorable ruling on the matter in Q1, and it views the stock's risk/reward ratio as favorable. The firm keeps a $57 price target and Outperform rating on the shares.
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