UPDATE: FBR Capital Markets Initiates Coverage on Lamar Advertising on Mispriced REIT Probability

In a report published Tuesday, FBR Capital Markets analyst William Bird initiated coverage on Lamar Advertising (NASDAQ: LAMR ) with an Outperform rating and $57.00 price target. In the report, FBR Capital Markets noted, “We initiate coverage of Lamar Advertising Company (LAMR) with an Outperform rating and a $57 price