Barclays analyst Brendan Lynch downgraded American Tower (AMT) to Equal Weight from Overweight with a price target of $200, down from $203. The firm says collecting rent from EchoStar may prove challenging for the tower companies. The potential for EchoStar reserves and churn could weigh on 2026 growth, the analyst tells investors in a research note. Barclays believes potential negative catalysts for the group will outweigh the positives in 2026. As such, it moved to the sidelines.
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