Analyst Jason Bazinet from Citi maintained a Hold rating on Clear Channel Outdoor and increased the price target to $1.35 from $1.25.
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Jason Bazinet has given his Hold rating due to a combination of factors related to Clear Channel Outdoor’s recent strategic and financial outlook. The company has outlined four strategic pillars aimed at enhancing customer focus, boosting technological capabilities, improving sales execution, and strengthening its balance sheet. These initiatives are expected to drive growth, but the ambitious financial targets set for 2025 to 2028, including revenue and EBITDA growth, come with significant leverage, which may pose risks.
Despite the positive outlook and an increase in the price target from $1.25 to $1.35, reflecting a 4% rise in the 2026 EBITDA estimate, the expected share price return of 6.3% suggests limited upside potential. Therefore, while the company is on a path of strategic improvement, the current valuation and leverage levels justify a cautious approach, leading to the Hold rating.