Barclays analyst Brendan Lynch raised the firm’s price target on American Tower to $234 from $224 and keeps an Overweight rating on the shares as part of a broader research note on U.S. Communication Infrastructure. The company’s master lease agreements are supporting above-peer domestic organic tenant billings growth, helping the company bridge a period of muted carrier spending, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on AMT:
- American Tower Sets Executive Compensation Aligned with Performance Goals
- American Tower price target lowered to $228 from $235 at BMO Capital
- American Tower price target raised to $226 from $221 at Raymond James
- American Tower price target lowered to $226 from $259 at TD Cowen
- American Tower seesFY24 AFFO 10.21- $ 10.45