Positive Report for American Tower (AMT) from RBC Capital
In a report released yesterday, Jonathan Atkin from RBC Capital upgraded American Tower to a Buy, with a price target of $205.00.
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Atkin covers the Real Estate sector, focusing on stocks such as American Tower, Crown Castle, and SBA Communications. According to TipRanks, Atkin has an average return of 9.8% and a 63.18% success rate on recommended stocks.
In a report released on July 8, Wolfe Research also upgraded the stock to a Buy with a $188.00 price target.
Based on American Tower’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.74 billion and a net profit of $836.8 million. In comparison, last year the company earned a revenue of $2.56 billion and had a net profit of $488.7 million
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