Stifel Out With Report Defending American Tower

Stifel Nicolaus analyst Benajmin Lowe released a note this morning defending American Tower AMT following the bearish Muddy Waters note this morning. Lowe focused his report on concerns over the company's REIT status, saying that the weakness presents an enticing entry point. Stifel has a Buy rating and a $95 price target on the company. Shares of American Tower were down 1.27 percent to $73.75 midway through trading Wednesday.