TD Cowen raised the firm’s price target on Outfront Media (OUT) to $38 from $32 and keeps a Buy rating on the shares. The firm said they delivered a clean beat in 1Q, with Billboard growing, Transit inflecting, and digital/programmatic momentum building. The raised FY26 AFFO outlook looks achievable as 2Q accelerates, World Cup demand builds, and MTA economics improve, supporting the firm’s higher estimates.
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