0033 GMT - Outdoor advertising company oOh!media's 1Q update was a positive surprise to UBS, which sees it as a strong step in the right direction to recouping lost market share. Analyst Evan Karatzas now expects oOh!media's revenue to rise by 9% this year, up from a prior forecast of 5% growth. "This represents 300 basis points of market share gains," says UBS, adding that its new growth forecast is somewhat conservative. In terms of sequencing, UBS expects 10% revenue growth in 2Q and 7% in 2H. It retains a neutral call on oOh!media, and lifts its price target by 32% to A$1.65/share. The stock is down 1.8%.(david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
February 25, 2025 19:33 ET (00:33 GMT)
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