Clear Channel Outdoor, the Communication Services sector company, was revisited by a Wall Street analyst today. Analyst Lance Vitanza from TD Cowen maintained a Buy rating on the stock and has a $1.60 price target.
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Lance Vitanza has given his Buy rating due to a combination of factors including Clear Channel Outdoor’s recent financial performance and strategic moves. The company released preliminary results for the second quarter of 2025, indicating an increase in consolidated revenue and a slight improvement in adjusted EBITDA. This positive outlook is largely driven by strong performance in the Airport segment, which has helped to counterbalance weaker results in the America segment.
Additionally, a recent refinancing announcement has extended the company’s debt maturity timeline, allowing Clear Channel to concentrate more effectively on its core operations. These developments contribute to Vitanza’s confidence in the company’s future prospects, leading to a revised price target of $1.60, slightly down from the previous $1.70, but still supporting a Buy rating.