American Tower price target lowered to $230 from $240 at RBC Capital

RBC Capital lowered the firm’s price target on American Tower to $230 from $240 and keeps an Outperform rating on the shares. American Tower reported "solid" Q4 results and initial 2023 guidance factors in accelerated U.S. leasing, with EBITDA and AFFO pressured by financing, FX and India headwinds, the analyst tells investors in a research note.