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 delivered mixed results, with strength in international, data centers, and services, the analyst tells investors in a research note. U.S. carrier application volumes were up 50% y/y, which combined with near-record services revenues, is a good leading indicator for leasing, the firm added.
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