Benchmark maintained its American Tower AMT Buy rating in a research report published today. Benchmark has previously given American Tower a $60 price target.
In the report, Benchmark states, "This morning, American Tower (AMT) reported results and provided guidance that was better than street expectations, due to acquisitions and favorable currency swings. The tower business remains solid with 8% y/y organic growth. The REIT conversion is scheduled for January 1, 2012."
Shares of American Tower were trading at $51.79 at the time of posting, down 1.35% from Monday's market close.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Posted In: Analyst ColorAnalyst RatingsBenchmarkTelecommunication ServicesWireless Telecommunication Services
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in