There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on American Tower Corp (NYSE:AMT) and Monroe Capital (NASDAQ:MRCC) with bullish sentiments.
American Tower Corp (AMT)
In a report released today, Timothy Horan from Oppenheimer maintained a Buy rating on American Tower Corp. The company’s shares opened today at $150.27.
According to TipRanks.com, Horan is a top 25 analyst with an average return of 17.9% and a 78.6% success rate. Horan covers the Technology sector, focusing on stocks such as Interxion Holding NV, Boingo Wireless Inc, and Zayo Group Holdings.
American Tower Corp has an analyst consensus of Moderate Buy, with a price target consensus of $164.30, representing a 9.3% upside. In a report issued on July 31, Jefferies also reiterated a Buy rating on the stock with a $173 price target.
.
See today’s analyst top recommended stocks >>
Monroe Capital (MRCC)
In a report released today, Chris Kotowski from Oppenheimer maintained a Buy rating on Monroe Capital, with a price target of $15. The company’s shares opened today at $13.68.
Kotowski wrote:
“MRCC is one of the most stable and consistently high-performing BDCs in our coverage, which is interesting to note because its focus is the true lower middle market. This is not an easy segment of the market to underwrite, and although MRCC has had a few idiosyncratic credit issues recently, its long-term performance has been excellent. This is why we think shareholders readily approved the increase in allowable leverage to 2:1, despite not yet having a fully articulated plan from management about how an expanded balance sheet at MRCC might look. We think the cautious and deliberate approach is prudent, and MRCC has plenty of capital in the meantime. We continue to recommend the stock.”
According to TipRanks.com, Kotowski is a 5-star analyst with an average return of 11.7% and a 69.8% success rate. Kotowski covers the Financial sector, focusing on stocks such as Eagle Point Credit Company Inc, Great Elm Capital Corporation, and Fidus Investment Corporation.
Monroe Capital has an analyst consensus of Moderate Buy, with a price target consensus of $15.75.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
