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Fly News Breaks for July 16, 2018
AMT
Jul 16, 2018 | 07:57 EDT
As previously reported, Guggenheim analyst Robert Gutman downgraded American Tower to Neutral from Buy and lowered his price target on the shares to $154 from $156 ahead of Q2 results. Though the analyst believes the company is well positioned long-term, he thinks investor sentiment will be weighed down near-term pending the outcome of negotiations with an existing customer in India, while FX presents an increasing headwind to prior estimates.
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