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Fly News Breaks for May 6, 2019
AMT
May 6, 2019 | 08:02 EDT
SunTrust analyst Greg Miller raised his price target on American Tower to $210 and kept his Buy rating after its Q1 earnings beat, saying the momentum for the company is building and upside in the stock price remains. The analyst cites the accelerating U.S. organic tenant bookings as the 5G buildout intensifies. Miller is also positive on American Tower's "solid" international results that should improve further on "lapping" peak churn in India.
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