Raymond James Upgrades American Tower (AMT) to Strong Buy

Raymond James upgraded American Tower (NYSE: AMT) from Outperform to Strong Buy with a price target of $97.00 (from $92.00). Analyst Ric Prentiss noted strong fundamentals and thinks investors should buy given weakness from a "somewhat dubious short attack". He sees significant M&A and buybacks.

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 $70.79 yesterday.

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