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Fly News Breaks for April 1, 2015
AMT
Apr 1, 2015 | 07:42 EDT
As previously reported, Raymond James upgraded American Tower to Strong Buy from Outperform. The firm expects 2H and 2016 leasing trends to benefit from T-Mobile low-band spectrum deployment, Spring expanding its high-band overlay, AT&T and Verizon capex, reduced Nextel churn, and the potential build-out of FirstNet's network. Raymond James views American Tower's recent underperformance as an attractive opportunity to play the above trends and raised its price target to $114 from $112.
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