Market Overview

UPDATE: Morgan Stanley Reiterates Overweight Rating, Raises PT on American Tower Corp.

Share:
Related AMT
Morgan Stanley Green Lights Wireless Tower REITs
Calls Of Note: The Research Moving Stocks Today
REITs prove no place to hide during rough August (Seeking Alpha)

In a report published Wednesday, Morgan Stanley reiterated its Overweight rating on American Tower Corp. (NYSE: AMT), and raised its price target from $73.00 to $85.00.

Morgan Stanley noted, “We are rolling over the multiples from 2013E to 2014E. Our favorite pick continues to be SBA Communications, given the opportunistic use of cheap financing to grow its tower portfolio and earnings. Our estimates have also been updated to reflect American Tower's acquisition of KPN Towers in Germany and tower builds in India; and Crown Castle's recent refinancing activity.”

American Tower Corp. closed on Tuesday at $76.00.

Latest Ratings for AMT

DateFirmActionFromTo
Aug 2015Stifel NicolausAssumesBuy
Aug 2015Morgan StanleyUpgradesEqual-weightOverweight
Jul 2015KeyBancMaintainsOverweight

View More Analyst Ratings for AMT
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Price Target Analyst Ratings

 

Related Articles (AMT)

Get Benzinga's Newsletters