American Tower price target raised to $240 from $229 at Raymond James

Raymond James raised the firm’s price target on American Tower (AMT) to $240 from $229 and keeps a Strong Buy rating on the shares. American Tower reported Q1 results that beat expectations and raised 2026 guidance, though much of the upside was driven by FX assumptions that remain conservative versus current spot rates, the analyst tells investors in a research note. The broader tower sector remains viewed as attractive due to resilient, cash-generative business models with long-term secular growth, while concerns around DISH’s wireless exit and satellite competition are seen as largely priced in and not a structural threat to tower demand, the firm says.