Raymond James lowered the firm’s price target on American Tower (AMT) to $250 from $251 and keeps a Strong Buy rating on the shares following the Q2 results. Raymond James continues to see attractive risk-reward in all three tower stocks, with non-cyclical, cash-yielding businesses that should be fundamentally resilient to any tariffs or macro pressure and feature long-term secular growth, the analyst tells investors in a research note.
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