Lamar Advertising (NASDAQ:LAMR) Rating Reiterated

New York: In analysts note revealed to investors and clients on Monday, 8 June, Topeka Capital Markets reconfirmed their “Hold” rating on shares of Lamar Advertising (NASDAQ:LAMR). They currently have a $60.0 TP on the firm. Topeka Capital Markets’s target suggests a potential downside of -1.40% from the company’s last stock close.

NASDAQ:LAMR is right now trading -10.71% lower at $54.33 as of 18:51 New York time. Lamar Advertising’s stock is up 27.19% in the past 200 days. It has outperformed the S&P500, which has surged 11.29% in the same time period.

According to data compiled by Thomson Reuters, Lamar Advertising (NASDAQ:LAMR)’s stock is covered by 10 equity analysts across the Street, with 0 analysts giving it a Sell rating, 3 a Buy rating, while 8 consider it a Hold. The 12-month consensus target price for the stock is $61.2, which reflects an upside potential of 12.64% over the current price.

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