American Tower price target raised to $251 from $231 at Raymond James

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.