Wells Fargo Starts American Tower (AMT) at Outperform; Positive on Recent REIT Conversion
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Price: $81.58 -0.72%
Rating Summary:
14 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
14 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade AMT Now!
Wells Fargo initiates coverage on American Tower (NYSE: AMT) with an Outperform. PT range $85-88 (from $78-80)
Analyst, Jennifer M. Fritzsche, said, "Since AMT's conversion to a REIT in January, 2012, a new group of investors have entered into the name. We represent one of the first firms to take on this dual coverage (telecom/REIT) approach. In our view, it will offer investors a unique blended view. For those investors more "telecom centric", we will offer commentary on comps relative to the traditional REIT universe. For those investors more "REIT centric" we will offer perspective on the revenue drivers for AMT as we cover the majority of the company's main customers."
For an analyst ratings summary and ratings history on American Tower click here. For more ratings news on American Tower click here.
Shares of American Tower closed at $71.22 yesterday, with a 52 week range of $47.94-$75.62.
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Analyst, Jennifer M. Fritzsche, said, "Since AMT's conversion to a REIT in January, 2012, a new group of investors have entered into the name. We represent one of the first firms to take on this dual coverage (telecom/REIT) approach. In our view, it will offer investors a unique blended view. For those investors more "telecom centric", we will offer commentary on comps relative to the traditional REIT universe. For those investors more "REIT centric" we will offer perspective on the revenue drivers for AMT as we cover the majority of the company's main customers."
For an analyst ratings summary and ratings history on American Tower click here. For more ratings news on American Tower click here.
Shares of American Tower closed at $71.22 yesterday, with a 52 week range of $47.94-$75.62.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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