Seeking Alpha

Lamar Advertising (LAMR) +2.8% premarket after Goldman Sachs upgrades shares to Conviction Buy...

Lamar Advertising (LAMR) +2.8% premarket after Goldman Sachs upgrades shares to Conviction Buy from Neutral with a $42 price target (up from $34). The firm sees a high probability of IRS approval for LAMR's REIT conversion in Q1 2013 given a recent IRS ruling that established a billboard REIT precedent.
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