Wells Fargo Initiates Coverage On Lamar Advertising with Equal-Weight Rating, Announces Price Target of $132
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has initiated coverage on Lamar Advertising with an Equal-Weight rating and set a price target of $132.
September 19, 2024 | 1:47 pm
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NEUTRAL IMPACT
Wells Fargo has initiated coverage on Lamar Advertising with an Equal-Weight rating and a price target of $132, indicating a neutral stance on the stock.
The Equal-Weight rating suggests that Wells Fargo sees Lamar Advertising's stock as fairly valued at current levels. The price target of $132 provides a specific valuation benchmark, but the neutral rating indicates no strong buy or sell recommendation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100