American Tower price target raised to $220 from $210 at BMO Capital

BMO Capital raised the firm’s price target on American Tower (AMT) to $220 from $210 and keeps an Outperform rating on the shares. The company’s Q4 results were generally solid with 2025 guidance slightly softer, but this was largely anticipated given FX headwinds, the analyst tells investors in a research note. The magnitude of the positive share reaction to results was still “somewhat surprising”, though the combination of a risk-off pivot, lower rates, and low expectations likely helped, BMO adds.