American Tower price target raised to $226 from $221 at Raymond James

Raymond James raised the firm’s price target on American Tower to $226 from $221 and keeps an Outperform rating on the shares. The company’s Q4 results and initial guidance was mostly above the firm’s estimates, and Raymond James continues to see an attractive risk-reward in all three tower stocks that are fundamentally non-cyclical, cash-yielding, and feature long-term secular growth, the analyst tells investors in a research note.