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TD Cowen Sticks to Its Buy Rating for American Tower (AMT)

Tipranks - Tipranks - Thu Feb 26, 5:56AM CST

TD Cowen analyst Michael Elias maintained a Buy rating on American Tower today and set a price target of $225.00.

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According to TipRanks, Elias is a 5-star analyst with an average return of 19.4% and a 59.18% success rate. Elias covers the Real Estate sector, focusing on stocks such as Equinix, Digital Realty, and American Tower.

In addition to TD Cowen, American Tower also received a Buy from TipRanks – PerPlexity’s PerPlexity REIT – Specialty in a report issued today. However, on the same day, BMO Capital maintained a Hold rating on American Tower (NYSE: AMT).

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Based on American Tower’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.72 billion and a net profit of $853.3 million. In comparison, last year the company earned a revenue of $2.52 billion and had a GAAP net loss of $792.3 million

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