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Barclays upgrades American Tower (AMT) to a Buy
In a report released today, Brendan Lynch from Barclays upgraded American Tower to a Buy, with a price target of $198.00.
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According to TipRanks, Lynch is an analyst with an average return of -1.3% and a 47.35% success rate. Lynch covers the Real Estate sector, focusing on stocks such as Prologis, Public Storage, and Cubesmart.
In a report released on August 17, Truist Financial also reiterated a Buy rating on the stock with a $0.00 price target.
Based on American Tower’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.75 billion and a net profit of $867.5 million. In comparison, last year the company earned a revenue of $2.63 billion and had a net profit of $366.8 million
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