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Fly News Breaks for March 6, 2019
AMT
Mar 6, 2019 | 08:57 EDT
RBC Capital analyst Jonathan Atkin raised his price target on American Tower to $195 and kept his Outperform rating, saying the company's U.S. leasing trends in Q4 were "solid" even as it navigates through the "choppy" international market. The analyst notes that his price target change is also driven by the rollout of his model to 2020, while his positive stance remains supported by American Tower's "highly predictable revenues", high cash flow conversion rates, steady site leasing demand, rising dividend yield, and minimal balance sheet risk.
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