HSBC Initiates Coverage On American Tower with Buy Rating, Announces Price Target of $245
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Luigi Minerva has initiated coverage on American Tower (NYSE:AMT) with a Buy rating and set a price target of $245.

December 14, 2023 | 11:11 am
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HSBC initiated coverage on American Tower with a Buy rating and a price target of $245, indicating a positive outlook on the stock.
Analyst coverage, especially from a major bank like HSBC, can influence investor sentiment and stock prices. A Buy rating combined with a high price target suggests HSBC's strong conviction in American Tower's future performance, which could lead to increased investor interest and a potential rise in the stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100