Lamar Advertising price target raised to $122 from $116 at Wells Fargo

Wells Fargo raised the firm’s price target on Lamar Advertising (LAMR) to $122 from $116 and keeps an Equal Weight rating on the shares. While the firm’s Q2 estimates are unchanged, Wells Fargo sees some downside to Q2 consensus EBITDA and sees risk to growth in 2H, the analyst tells investors.