JP Morgan Maintains Overweight on American Tower, Lowers Price Target to $230
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Philip Cusick has maintained an Overweight rating on American Tower (NYSE:AMT) but has lowered the price target from $236 to $230.

February 28, 2024 | 2:52 pm
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NEUTRAL IMPACT
American Tower's Overweight rating is maintained by JP Morgan, though the price target is reduced from $236 to $230.
While the maintenance of an Overweight rating suggests continued confidence in American Tower's fundamentals and growth prospects, the reduction in price target could reflect adjustments in valuation metrics or market conditions. This mixed signal might lead to short-term uncertainty among investors, but the overall positive stance is likely to support the stock's performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100