Analysts Offer Insights on Financial Companies: CatchMark Timber (NYSE: CTT) and American Tower Corp (NYSE: AMT)

By Carrie Williams

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

CatchMark Timber (NYSE: CTT)

In a report released today, Collin Mings from Raymond James assigned a Buy rating to CatchMark Timber (NYSE: CTT). The company’s shares opened today at $13.02, close to its 52-week high of $13.47.

According to TipRanks.com, Mings is a 2-star analyst with an average return of 0.6% and a 60.6% success rate. Mings covers the Financial sector, focusing on stocks such as Retail Opportunity Investments, Four Corners Property Trust, and National Retail Properties.

CatchMark Timber has an analyst consensus of Moderate Buy, with a price target consensus of $13.50.

American Tower Corp (NYSE: AMT)

Raymond James analyst Ric Prentiss assigned a Buy rating to American Tower Corp (NYSE: AMT) today. The company’s shares opened today at $142.75.

According to TipRanks.com, Prentiss is a 5-star analyst with an average return of 13.3% and a 78.7% success rate. Prentiss covers the Technology sector, focusing on stocks such as Shenandoah Telecommunications Co, Telephone & Data Systems Inc, and Iridium Communications.

Currently, the analyst consensus on American Tower Corp is Strong Buy and the average price target is $164.64, representing a 15.3% upside.

In a report issued on November 27, KeyBanc also reiterated a Buy rating on the stock with a $177 price target.

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