American Tower (NYSE:AMT) is up 1% as Pacific Crest boosts its price target to $116, from $114.
Shares closed yesterday at $94.37 and are currently up to $95.32. Pacific Crest maintains an Overweight rating on the stock.
The analysts point to its $1.05B acquisition of 4,700 towers from Bharti Airtel in noting that international expansion is critical to American Tower's growth.
AMT expects international operations to increase organic core revenue 10%, Pacific Crest says.