oOh!media Bull Likes Advertiser's Revenue Momentum -- Market Talk

Dow Jones

04/30

0339 GMT - Better-than-expected revenue momentum at oOh!media keeps Macquarie analysts firmly bullish, despite the impending departure of the outdoor advertiser's CEO. A note from the investment bank says that the 13% revenue growth logged in the March quarter should continue through the rest of the first half, overriding prior caution about a potential slowdown linked to this week's federal election. They see revenue growth slowing to 10% in 2H, but highlight operating leverage stemming from prior cost initiatives. Macquarie raises its target price by 14% to A$2.00 and keeps an outperform rating on the stock, which is up 0.5% at A$1.5125. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

April 29, 2025 23:39 ET (03:39 GMT)

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