UBS raised the firm’s price target on American Tower (AMT) to $250 from $245 and keeps a Buy rating on the shares. American Tower’s Q1 results were solid, and management raised 2025 guidance for foreign exchange while core growth assumptions are unchanged, the analyst tells investors in a research note. Results were supported by another quarter of 5% organic tenant billing growth and the highest quarter for services revenues since 2021, the firm says.
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