FINWIRES · TerminalLIVE
FINWIRES

Lamar Advertising's Revenue Guidance Looks Conservative, Morgan Stanley Says

By

-- Lamar Advertising's (LAMR) revenue guidance for the coming quarters may prove conservative as demand strengthens ahead of events such as the US midterm elections and the FIFA World Cup, Morgan Stanley said Friday in a report.

Morgan Stanley boosted its 2026 revenue growth projection to 4.3% from 3.6%, citing strong Q1 results and expectations for a more robust political tailwind.

Lamar is already 75% booked toward its full-year revenue goal, the highest level since before the pandemic, and Q1 results were solid across national, local and programmatic advertising, the report said.

Morgan Stanley boosted its price target on Lamar stock to $160 from $145 with an equal-weight rating.

Price: $154.97, Change: $+3.78, Percent Change: +2.50%

Related Articles

Australia

Top Cryptocurrencies Rise; Bitcoin Holds Above $80,000

Major digital assets rose Friday with Bitcoin (BTC-USD) holding above $80,000.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, rose 1.5% in the past 24 hours. The Nasdaq 100 rose 1.7%, the S&P 500 gained 0.8%, and the Dow Jones Industrial Average little changed.Bitcoin rose 0.1% to $80,099, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume fell 6.7% to $34.7 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, added 0.9% to $2,315.XRP (XRP-USD) gained 2.3%, BNB (BNB-USD) rose 0.6%, and Solana (SOL-USD) added 4.5%. Dogecoin (DOGE-USD) climbed 0.7%, while Cardano (ADA-USD) advanced 3%.The US 10-year Treasury yield stood at 4.363% at 3 p.m. ET Friday, down from 4.392% Thursday, while the five-year yield fell to 4.011% from 4.043%.The total market value of the cryptocurrency industry rose 0.6% in the past 24 hours to $2.67 trillion, with trading volume gaining 0.3% to $162.4 billion.Price: $80101.31, Change: $+86.04, Percent Change: +0.11%

$ADA-USD$BNB-USD$BTC-USD$DOGE-USD$ETH-USD$SOL-USD$XRP-USD
Australia

Update: Market Chatter: Apple, Meta Oppose Canadian Bill on Weakening Encryption

(Updates with Meta's statement in the fourth and fifth paragraphs.)Apple (AAPL) and Meta Platforms (META) have opposed a Canadian bill that could require them to break the encryption of their devices and services, Reuters reported Thursday, citing company statements.Canada's ruling Liberal Party proposed Bill C-22, which law-enforcement officials say would help them probe security threats earlier and take immediate action, according to the report.End-to-end encryption means that only the users can access their data without the decryption key, and it is widely used in services like WhatsApp and iMessage, Reuters said."The technical community's consensus on this is clear: it is not possible to build backdoors to encrypted systems for law enforcement without creating vulnerabilities that will be exploited by malicious actors," Meta said Thursday in a statement.Meta wants the bill revised to drop third-party surveillance mandates, protect encryption by tightening the "systemic vulnerability" definition, and create a formal mechanism to contest problematic requests, according to the statement.Apple did not respond immediately to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $293.43, Change: $+6.00, Percent Change: +2.09%

$AAPL$META
Australia

Largo Files $146.2 Million Mixed Shelf

Largo (LGO) filed a registration statement on Friday for the sale of 200 million Canadian dollars ($146.2 million) of securities from time to time.The filing covers common shares, warrants, units, debt securities, and subscription receipts.Net proceeds will be used to repay debt and for general corporate purposes.Price: $1.15, Change: $-0.01, Percent Change: -1.29%

$LGO