Strong 3Q Results For American Tower Corp. (AMT)

In Oppenheimer's Daily DataTimes published this morning American Tower Corp. AMT is reviewed after posting strong 3Q results. Oppenheimer writes, "AMT reported stronger than expected 3Q10 results last week and raised full-year guidance on continued growth in wireless data, solid contributions from international operations and a contract modification by a major customer. We have raised our estimates across the board to reflect the strong quarter and accelerated amendment revenues from the revised lease agreement and we see more upside from the announced acquisition in South Africa." The PT for American Tower Corp. went up from $55 to $60. AMT closed Monday at $52.37.