Deutsche Bank Raises Price Target on Tower Stocks (AMT) (CCI) (SBAC)

Article Stock Quotes (3) Comments (0)

Deutsche Bank raised thier price target on all 3 public tower companies Wednesday. "With all 3 public tower companies expected to report AFFO with 1Q results, we are formally updating our price target methodology so that it is primarily based on this common REIT metric," analyst Brett Feldman states. "This is a conservative approach as tower operators are (1) growing much faster than REITs and (2) less cyclical than REITs as demand for tower space is primarily driven by trends in wireless data traffic and not broader trends in the economy (still soft)."

PRICE TARGET HIKES:
American Tower Corp. (NYSE: AMT) Buy, tgt $73 to $74,
Crown Castle (NYSE: CCI) - Buy, tgt $56 to $69,
SBA Communications (Nasdaq: SBAC)- Buy, tgt $62 to $67

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Jefferies Bumps Zumiez (ZUMZ) Numbers Up, But Remains on Sidelines
• Williams-Sonoma (WSM) Delivers 'Clean' Q1 Beat - Analyst
• Toll Bros. (TOL) Estimates/PT Raised at Compass Point

Create E-mail Alert Related Categories

Analyst Comments, Analyst PT Change

Related Entities

Deutsche Bank

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?