Wells Fargo Maintains Overweight on American Tower, Lowers Price Target to $210
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Eric Luebchow has maintained an Overweight rating on American Tower (NYSE:AMT) but lowered the price target from $215 to $210.

October 17, 2023 | 1:51 pm
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NEUTRAL IMPACT
American Tower's price target has been lowered from $215 to $210 by Wells Fargo, though the Overweight rating is maintained.
The lowering of the price target by Wells Fargo could potentially create a negative sentiment among investors. However, the maintained Overweight rating indicates that the analyst still sees the stock as a good investment, which could balance out any negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100