We have downgraded our long-term recommendation on Lamar Advertising Co. (NASDAQ:LAMR), a Louisiana-based leading owner and operator of outdoor advertising structures in the U.S., from Outperform to Neutral. The downgrade rating is backed by the colossally increasing debt pressure on the Company’s earnings due to its continuous acquisition activities.
Though Lamar’s efforts in expanding its outdoor advertising business through acquisitions are encouraging, the resultant expenses, which continue … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards