RBC Capital Maintains Outperform on American Tower, Lowers Price Target to $230
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Jonathan Atkin has maintained an 'Outperform' rating on American Tower (NYSE:AMT), but lowered the price target from $233 to $230.
August 01, 2023 | 2:06 pm
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NEUTRAL IMPACT
American Tower's price target has been lowered from $233 to $230 by RBC Capital, though the 'Outperform' rating is maintained.
The lowering of the price target by RBC Capital could potentially create a negative sentiment among investors, but the maintained 'Outperform' rating suggests that the analyst still sees potential upside for the stock. Therefore, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100