American Tower price target lowered to $224 from $229 at Barclays

Barclays analyst Brendan Lynch lowered the firm’s price target on American Tower to $224 from $229 and keeps an Overweight rating on the shares. Tower companies will likely focus on positioning for the next phase of 5G network build-outs when report Q4, the analyst tells investors in a research note. The firm says data centers will likely communicate their exposure to capturing evolving/higher density workloads.