BMO Capital analyst Ari Klein raised the firm’s price target on American Tower to $230 from $220 and keeps an Outperform rating on the shares. Data centers remain favorably positioned with Q3 results reinforcing the sector’s strong demand and pricing dynamics whereas tower earnings were more mixed, the firm says. American Tower remains the firm’s top pick, with sector-leading growth from 2024-2026 bolstered by a diverse international portfolio augmented by its data center business, less churn drag versus peers and an improving balance sheet, the analyst tells investors in a research note.
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Read More on AMT:
- American Tower price target raised to $204 from $193 at RBC Capital
- American Tower price target raised to $236 from $218 at JPMorgan
- American Tower price target lowered to $259 from $271 at TD Cowen
- American Tower CEO Tom Bartlett to retire, Steve Vondran to succeed
- American Tower reports Q3 AFFO $2.58 vs $2.36 last year
