BMO Capital Maintains Outperform on American Tower, Lowers Price Target to $220
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Ari Klein maintains an Outperform rating on American Tower (NYSE:AMT) but lowers the price target from $228 to $220.

May 01, 2024 | 4:52 pm
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NEUTRAL IMPACT
BMO Capital maintains an Outperform rating on American Tower but lowers the price target from $228 to $220.
The adjustment in price target by BMO Capital reflects a slight change in valuation expectations for American Tower, likely due to updated market or company-specific forecasts. While the reduction in price target could suggest a tempered outlook, the maintenance of an Outperform rating indicates continued confidence in the company's performance potential. This mixed signal could lead to neutral short-term price movement as investors digest the implications of a lower price target against a backdrop of ongoing analyst confidence.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100