Barrington analyst Patrick Sholl has maintained their neutral stance on CCO stock, giving a Hold rating yesterday.
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Patrick Sholl has given his Hold rating due to a combination of factors influencing Clear Channel Outdoor’s performance. The company is expected to benefit from stable to positive trends in out-of-home (OOH) advertising, which remains a robust area despite some macroeconomic headwinds, such as tariff uncertainties. While the overall advertising market faces challenges, particularly in broadcast and radio advertising, the digital and OOH segments continue to show promise, supported by investments in digital inventory and programmatic buying capabilities.
Despite the positive outlook for OOH advertising, Clear Channel Outdoor’s elevated leverage levels and the broader economic uncertainties contribute to a cautious stance. Although the company has shown significant improvement since the onset of tariff-related uncertainties, these factors necessitate a Hold rating as they pose risks to achieving financial targets. The stability in guidance for Clear Channel Outdoor, alongside other firms, reflects a balanced view of potential growth and existing challenges in the advertising landscape.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $1.50 price target.
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is neutral on the stock.