American Tower Corporation (NYSE:AMT) is one of the 12 Best 5G Stocks to Invest in According to Hedge Funds. On January 20, UBS reduced its price target on American Tower Corporation (NYSE:AMT) from $260 to $254 and kept its Buy rating. The firm believes that the risk-reward outlook for tower companies looks favorable in 2026.
Previously, on January 9, BMO Capital downgraded its rating on American Tower Corporation (NYSE:AMT) from Outperform to Market Perform and reduced its price target from $210 to $185. The firm’s analyst, Ari Klein, pointed to concerns about ongoing issues linked to DISH Network.
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BMO Capital removed contributions from DISH from its financial model for American Tower Corporation (NYSE:AMT). The research firm cited “potential for non-payment and reserves.” BMO Capital pointed out that the timing and final outcome of any resolution with DISH remain uncertain.
The firm indicated that the company could see “a material discount” to the net present value of about $1.6 billion in its DISH-related business. Due to this uncertainty, BMO Capital decided to “move to the sidelines” on American Tower Corporation (NYSE:AMT).
American Tower Corporation (NYSE:AMT) is an American real estate investment trust (REIT) that provides the infrastructure for modern digital communications. It owns, develops, and operates wireless and broadcast communications infrastructure. The company offers solutions and services for deploying and supporting wireless networks in 22 countries across 5 continents.
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Disclosure: None. This article is originally published at Insider Monkey.
