BMO Capital analyst Ari Klein lowered the firm’s price target on American Tower (AMT) to $245 from $250 and keeps an Outperform rating on the shares. The company reported mixed Q2 results as the funds from operations upside was largely currency driven, the analyst tells investors in a research note. The firm believes U.S. carrier activity remains healthy but points out American Tower’s 2025 core outlook was largely unchanged aside from currency.
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Read More on AMT:
- American Tower raises FY25 AFFO view to $10.46-$10.65 from $10.35-$10.54
- American Tower reports Q2 AFFO 2.60, consensus $2.60
- AMT Earnings this Week: How Will it Perform?
- American Tower price target raised to $246 from $223 at Barclays
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