Outfront Media price target lowered to $17 from $22 at Wells Fargo

Wells Fargo lowered the firm’s price target on Outfront Media (OUT) to $17 from $22 and keeps an Overweight rating on the shares. The firm notes Q1 came in weaker than expected and there’s noise in the reported growth over the next few quarters. Though, Wells remains constructive on the long-term potential of the OOH medium.