Citi analyst Jason Bazinet raised the firm’s price target on Lamar Advertising (LAMR) to $128 from $121.76 and keeps a Neutral rating on the shares. The firm updated its model to reflect Q4 results and its latest outlook, saying the higher price target comes as the firm rolls its valuation forward one year to 2026. The 2025 AFFO guide was a little lower than Street expectations, but the firm attributes much of that to conservatism on behalf of Lamar’s management team, the analyst tells investors in a research note.
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