.September 13, 2024 12:09:45 AM

BMO Capital’s upgrade of American Tower Corporation (NYSE:AMT) to Outperform with a price target of $260 signals confidence in the company’s future growth potential in the telecommunications infrastructure industry. Despite a recent slight decline in stock price, AMT has outperformed the Finance sector and the S&P 500 with a 7.07% increase over the past month. Anticipated financial results include an EPS of $2.59 and forecasted net sales of $2.85 billion, indicating steady growth. With a market cap of $110.76 billion and strong investor interest, AMT remains a key player in the sector, poised for further growth.