Clear Channel Outdoor: Navigating Challenges with Long-Term Upside Potential

Analyst Lance Vitanza from TD Cowen maintained a Buy rating on Clear Channel Outdoor (CCO – Research Report) and decreased the price target to $1.70 from $2.00.

Lance Vitanza’s rating is based on a combination of factors that suggest potential upside for Clear Channel Outdoor despite recent challenges. Although the company’s first quarter results for 2025 fell short of expectations, with noticeable pressure in American and Airport segments, management has maintained its full-year revenue and adjusted EBITDA guidance.
Vitanza acknowledges the growing risks from tariffs and has slightly reduced the 2025 estimates, but he still sees value in the stock. The decision to lower the price target to $1.70 from $2.00 reflects these considerations, yet the Buy rating indicates confidence in the company’s ability to navigate these challenges and deliver value in the longer term.