Barclays lowered the firm’s price target on American Tower (AMT) to $203 from $251 and keeps an Overweight rating on the shares. The firm adjusted targets in the towers group after consulted with legal experts to assess the strength of American Tower’s case against EchoStar, and its implication for other tower companies.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMT:
- American Tower, EQT among parties weighing bids for TDF, Bloomberg says
- Insider Moves: Norwegian, Royal Caribbean, Waste Management, Blackstone, and American Tower
- American Tower’s Chief Accounting Officer to Retire
- American Tower price target lowered to $210 from $230 at Argus
- CoreSite announces expansion of partnership with STN