Analysts Are Bullish on These Financial Stocks: TREE, AMT

By Austin Angelo

There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Lendingtree Inc (NASDAQ: TREE) and American Tower Corp (NYSE: AMT) with bullish sentiments.

Lendingtree Inc (NASDAQ: TREE)

RBC Capital analyst Daniel Perlin reiterated a Buy rating on Lendingtree Inc (NASDAQ: TREE) today and set a price target of $160. The company’s shares closed yesterday at $170.85, close to its 52-week high of $174.20.

According to TipRanks.com, Perlin is a top 100 analyst with an average return of 18.3% and a 86.2% success rate. Perlin covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Automatic Data Processing, and Bottomline Technologies.

Lendingtree Inc has an analyst consensus of Strong Buy, with a price target consensus of $163.33.

American Tower Corp (NYSE: AMT)

In a report released yesterday, Wes Golladay from RBC Capital reiterated a Buy rating on American Tower Corp (NYSE: AMT), with a price target of $145. The company’s shares closed yesterday at $130.97, close to its 52-week high of $137.12.

According to TipRanks.com, Golladay is a 4-star analyst with an average return of 7.8% and a 64.8% success rate. Golladay covers the Financial sector, focusing on stocks such as Retail Opportunity Investments, General Growth Properties Inc, and Seritage Growth Properties.

Currently, the analyst consensus on American Tower Corp is Strong Buy and the average price target is $144.14, representing a 10.1% upside.

In a report issued on May 31, Macquarie also maintained a Buy rating on the stock with a $145 price target.

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