American Tower (AMT) Tops Q1 EPS by 3c, Beats on Revenue; Raises FY Guidance

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Go back to American Tower (AMT) Tops Q1 EPS by 3c, Beats on Revenue; Raises FY Guidance

American Tower (AMT) PT Raised to $144 at Jefferies; Reiterates Buy

April 28, 2017 10:09 AM EDT

Jefferies raised its price target on American Tower (NYSE: AMT) to $144.00 (from $136.00) while maintaining a Buy rating. 1Q total property revenue of $1.59bn was ahead of the Street's $1.56bn estimates, as organic tenant billing growth of 8.6%, was solidly ahead of 7.7% estimates.

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