TD Cowen Lowers Clear Channel Outdoor (CCO) PT to $1.60 Despite Strong Q2 Performance

Clear Channel Outdoor Holdings Inc. (NYSE:CCO) is one of the most promising penny stocks under $5. Earlier on July 22, TD Cowen lowered the firm’s price target on Clear Channel Outdoor to $1.60 from $1.70, while keeping a Buy rating on the shares. This sentiment by the firm came ahead of the company’s Q2 2025 results, with expectations for higher consolidated revenue and outperformance in the Airport segment to offset softness in the America segment.

Later in August, Clear Channel Outdoor Holdings’ consolidated revenue came out to be $402.8 million in Q2, which was a 7% improvement year-over-year. The America segment recorded its highest-ever second-quarter revenue at $303.1 million due to robust digital and local sales. The Airports segment also performed strongly, with a 15.6% increase in revenue, reaching $99.7 million, powered by growth in both national and local sales channels.

TD Cowen Lowers Clear Channel Outdoor (CCO) PT to $1.60 Despite Strong Q2 Performance

A busy street corner, with strategically placed advertisements to attract customers.

However, the company’s static advertising segment continues to lag behind digital growth. National sales in the America segment were also down 1% on a comparable basis. The company is still in the process of selling its business in Spain as well.

Clear Channel Outdoor Holdings Inc. (NYSE:CCO) is an out-of-home advertising company in the US and Singapore. The company operates in 2 segments: America and Airports.

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Disclosure: None. This article is originally published at Insider Monkey.