American Tower price target raised to $270 from $260 at Morgan Stanley

Morgan Stanley analyst Benjamin Swinbure raised the firm’s price target on American Tower (AMT) to $270 from $260 and keeps an Overweight rating on the shares. The firm’s latest survey work continues to indicate healthy trends in both recent and forward looking tenant activity and supports the firm’s view that U.S. leasing revenue growth will accelerate through the second half of 2025 into 2026 for the U.S. Tower REITs, the analyst tells investors.