Stifel Nicolaus analyst Benjamin Lowe released a note Wednesday defending American Tower (NYSE: AMT) following the bearish Muddy Waters note this morning.
Lowe focused his report on concerns over the company's REIT status, saying that the weakness presents an enticing entry point.
Stifel has a Buy rating and a $95 price target on the company.
Shares of American Tower were down 1.27 percent to $73.75 midway through trading Wednesday.
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