JPMorgan Adjusts Price Target on American Tower to $230 From $240
JPMorgan has lowered its price target for American Tower Corporation to $230 from the previous $240.
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Alongside its third-quarter earnings, American Tower increased its full-year 2026 outlook and announced a new $2 billion share repurchase authorization.
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JPMorgan has lowered its price target for American Tower Corporation to $230 from the previous $240.
American Tower (AMT) beat Q3 earnings expectations with AFFO per share of $2.87 vs. consensus of $2.84, driven by strong 17.4% data center revenue growth. Despite DISH-related churn pressuring U.S. results, international markets and CoreSite's performance supported overall growth. The company raised its 2026 AFFO guidance and property revenue outlook, maintaining financial flexibility with $10.6 billion in liquidity.
Seven sectors are higher and four are lower in Tuesday's regular session, with growth and cyclical sectors split across the top three positions. The leaders are separated rather than clustered, with Technology clearly ahead of the next group.