American Tower upgraded at Raymond James, says primed for growth over 3 years

Raymond James upgraded American Tower to Strong Buy from Outperform with a price target of $248, up from $226. American Tower is primed for the best growth among U.S. tower stocks over the next three years, and is now the cleanest story of the three stocks, the analyst tells investors in a research note. The firm thinks now is an opportune entry point as Sprint churn is mostly in the rear-view mirror, the India sale cleans up the story, and green shoots are showing signs of sprouting in U.S. leasing.