Outfront Media's stock price soared 5.29% during intraday trading on Thursday, reflecting a significant positive movement.
The surge appears to be driven by a bullish analyst action, as Morgan Stanley raised its price target on OUTFRONT Media to $30 from $28 and maintained its Overweight rating on the stock.
According to analyst polls, OUTFRONT Media has an average rating of buy with a mean price target of $28.83, indicating overall positive sentiment from the analyst community which may have contributed to the buying pressure.