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

|About: Lamar Advertising Company (LAMR)|By:, SA News Editor

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.