Raymond James raised the firm’s price target on American Tower (AMT) to $251 from $231 and keeps a Strong Buy rating on the shares following the Q1 results. Raymond James continues to see an 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. The firm says the current valuation and setup is attractive for American Tower.
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Read More on AMT:
- American Tower price target raised to $241 from $239 at TD Cowen
- American Tower price target raised to $260 from $248 at Citizens JMP
- American Tower: Strong Financial Performance and Strategic Positioning Justify Buy Rating
- American Tower Corporation’s Q1 2025 Financial Performance
- American Tower’s Strong Start to 2025 Amid Challenges
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