Boston Omaha price target lowered to $25 from $28 at TD Cowen

TD Cowen analyst Lance Vitanza lowered the firm’s price target on Boston Omaha (BOC) to $25 from $28 and keeps a Buy rating on the shares after the company delivered what the firm calls “another strong quarter, with broad-based revenue growth across all segments.” While the firm is increasing its FY25 revenue estimates, it has moderated EBITDA expectations as it expects the company to invest in growth, the analyst tells investors.