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American Tower price target lowered to $240 from $245 at JPMorgan

JPMorgan lowered the firm’s price target on American Tower (AMT) to $240 from $245 and keeps an Overweight rating on the shares. The firm views the company’s Q1 report as solid. However, American Tower’s near-term churn and solid, but not accelerating, new leasing outlook will weigh on investor sentiment, the analyst tells investors in a research note.

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