Raymond James Maintains Outperform on American Tower, Lowers Price Target to $211
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Ric Prentiss has maintained an 'Outperform' rating on American Tower (NYSE:AMT), but lowered the price target from $238 to $211.
July 28, 2023 | 12:13 pm
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American Tower's price target has been lowered by Raymond James from $238 to $211, though the 'Outperform' rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside, which could balance out the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100