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Fly News Breaks for October 31, 2018
SBAC, AMT
Oct 31, 2018 | 07:48 EDT
Citi analyst Michael Rollins downgraded American Tower (AMT) to Neutral while raising his price target for the shares to $176 from $161. The analyst remains positive on American Tower's fundamental outlook and capital allocation strategy, but believes the recent share price strength is "better compensating shareholders for domestic business improvements and a significant portion of the retained value within its India operations." Rollins coupled the downgrade with an upgrade of SBA Communications (SBAC) to Buy.
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