Clear Channel Outdoor Holdings Inc. (NYSE:CCO) is one of the best stocks under $3 to invest in. On October 29, Citi raised the price target on Clear Channel Outdoor to $2.10 from $1.35, while maintaining a Neutral rating on the shares.
Earlier on October 21, Barrington analyst Patrick Sholl maintained a neutral stance on CCO stock, giving a Hold rating.
Additionally, on October 20, TD Cowen analyst Lance Vitanza raised the firm’s price target on Clear Channel Outdoor to $2.80 from $2.50 with a Buy rating on the shares. The firm noted unsubstantiated reports suggesting that Abu Dhabi’s sovereign wealth fund is working toward a potential acquisition of Clear Channel. In TD Cowen’s opinion, these reports appear credible. Furthermore, the company is experiencing favorable operating momentum.
Clear Channel Outdoor Holdings Inc. operates as an out-of-home advertising company in the United States and Singapore. The company operates in two segments: America and Airports.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
This article is originally published at Insider Monkey.
