Gilford Securities Comments on Lamar Advertising (LAMR)

Gilford Securities provided color on Lamar Advertising LAMR in a research report published today. Gilford Securities has previously given Lamar Advertising a Hold rating. In the report, Gilford Securities states, "LAMR's Q2E guidance of 3.0% rev. growth vs. 4.2% in Q1A is more the sequentially 440bps tougher comps than true organic slowness. Yes, local ad rev. is one of the culprits on why LAMR is not growing faster, on top of sluggish economy. Further reason why it needs to install digital boards faster." Shares of Lamar Advertising were trading at $28.75 at the time of posting, down 10.24% from Tuesday's market close.