Morgan Stanley analyst Cameron McVeigh lowered the firm’s price target on American Tower (AMT) to $220 from $225 and keeps an Overweight rating on the shares. The firm trims 2026 domestic tower estimates on removal of EchoStar revenue due to the EchoStar default, but contends that lower growth “looks priced in.” Removing EchoStar from estimates removes a revision overhang, the analyst added.
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Read More on AMT:
- American Tower price target lowered to $248 from $254 at UBS
- American Tower price target lowered to $225 from $235 at TD Cowen
- American Tower price target raised to $200 from $185 at BMO Capital
- American Tower sees FY26 AFFO $10.78-$10.95, consensus $11.05
- American Tower reports Q4 AFFO $2.63, consensus $2.54