Wells Fargo raised the firm’s price target on Outfront Media (OUT) to $19 from $17 and keeps an Overweight rating on the shares. Recent actions by the company have given the firm more comfort on its margin story moving forward, the analyst tells investors.
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Read More on OUT:
- Positive Outlook for Outfront Media: Buy Rating Backed by Financial Improvements and Strategic Cost-Cutting
- Outfront Media Announces Workforce Restructuring Plan
- Outfront Media Appoints Mark Carleton to Board
- Outfront Media Holds Annual Stockholders Meeting
- Outfront Media price target raised to $19 from $17 at Citi
