Lamar Advertising (LAMR) NewsBite - LAMR Upgraded By Caris & Company

Posted: Thursday, October 01, 2009 1:50 PM EDT

Lamar Advertising (LAMR) was upgraded today by analysts at Caris & Company and the stock is now at $26.29, down $1.15 (-4.19%) on volume of 984,571 shares traded. The analysts lifted LAMR to Below Average from Sell. Over the last 52 weeks the stock has ranged from a low of $5.35 to a high of $31.03. Lamar Advertising stock has been showing support around $25.54 and resistance in the $28.68 range. Technical indicators for the stock are neutral and S&P gives LAMR a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on LAMR the stock seems like it could be a candidate for a November out-of-the-money bull-put credit spread below the 22.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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