Need More Fiber In Your Portfolio? BMO Initiates Coverage On 3 Data REITs
Portfolio Pulse from Ethan Roberts
BMO Capital Markets analyst Ari Klein initiated coverage on three data REITs: American Tower Corp. (AMT), SBA Communications Corp. (SBAC), and Crown Castle Inc. (CCI). AMT received an Outperform rating with a price target of $230, SBAC a Market Perform rating with a price target of $260, and CCI an Underperform rating with a price target of $113. All three companies are set to announce earnings soon.
July 14, 2023 | 6:02 pm
News sentiment analysis
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POSITIVE IMPACT
American Tower Corp. received an Outperform rating from BMO with a price target of $230. The company is set to announce Q2 earnings on July 27.
The Outperform rating from BMO suggests that the analyst expects the stock to do well in the future. The upcoming earnings announcement could also influence the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SBA Communications Corp. received a Market Perform rating from BMO with a price target of $260. The company is set to announce Q2 earnings on July 31.
The Market Perform rating from BMO suggests that the analyst expects the stock to perform in line with the market. The upcoming earnings announcement could also influence the stock's performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Crown Castle Inc. received an Underperform rating from BMO with a price target of $113. The company is set to announce Q2 earnings on July 19.
The Underperform rating from BMO suggests that the analyst expects the stock to underperform the market. The upcoming earnings announcement could also influence the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100