Barclays Maintains Overweight on American Tower, Lowers Price Target to $223
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tim Long maintains an Overweight rating on American Tower (NYSE:AMT) but lowers the price target from $234 to $223.
May 30, 2024 | 6:54 pm
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Barclays analyst Tim Long maintains an Overweight rating on American Tower (NYSE:AMT) but lowers the price target from $234 to $223. This suggests a positive long-term outlook but a slight reduction in expected short-term performance.
The Overweight rating indicates a positive long-term outlook for American Tower, but the lowered price target suggests a slight reduction in expected short-term performance. Investors may see this as a mixed signal, leading to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100