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Fly News Breaks for June 12, 2017
AMT
Jun 12, 2017 | 06:43 EDT
Raymond James analyst Ric Prentiss downgraded American Tower to Outperform and maintained a $147 price target citing year-to-date strong share performance and headline risk from a potential Sprint (S) and T-Mobile (TMUS) transaction near-term. The analyst continues to believe American Tower is well positioned to withstand the impact from a potential deal given limited overlap and said the company is poised to deliver double-digit AFFO growth and increase its dividend 20% year-over-year for the next several years.
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