Scotiabank analyst Maher Yaghi raised the firm’s price target on American Tower (AMT) to $248 from $234 and keeps an Outperform rating on the shares. The company delivered a “strong start” to the year, exceeding expectations on revenue and Adjusted Funds from Operations growth, the analyst tells investors. The firm likes the company for its diversification, strong balance sheet, and defensive business model.
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Read More on AMT:
- American Tower price target raised to $250 from $245 at UBS
- American Tower price target raised to $251 from $231 at Raymond James
- American Tower price target raised to $241 from $239 at TD Cowen
- American Tower price target raised to $260 from $248 at Citizens JMP
- American Tower: Strong Financial Performance and Strategic Positioning Justify Buy Rating
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