American Tower’s growth outlook is tied to muted carrier activity, with T-Mobile driving colocations to meet FCC rules while Verizon and AT&T upgrade networks for incremental leasing revenue. RBC Capital analyst downgraded AMT’s stock rating, citing carrier activity remaining muted. Verizon targets AMT with high-rent relocation program ahead of key lease expiration. Verizon’s program may affect tower leasing revenues. Verizon’s program may affect tower leasing revenues. Verizon has launched a high-rent relocation program, targeting AMT as its largest tower landlord. The analyst slightly raised financial estimates for AMT, projecting higher revenue and EBITDA for 2025 and 2026. Despite these increases, the analyst lowered the price forecast for AMT due to historical tower and datacenter REIT multiples in the current rate environment. AMT shares were trading lower at $191.38. Wells Fargo, Barclays, and Credit Suisse maintain ratings for AMT. View more analyst ratings for AMT and the latest analyst ratings on Benzinga. Analysts warn of Verizon’s expensive relocation plan targeting American Tower.

Read more at Yahoo Finance: Verizon Targets American Tower With Expensive Relocation Plan, Analysts Warn