American Tower Corporation (NYSE: AMT) is a highly favored real estate investment trust according to Hedge Funds. Analysts reaffirmed an Outperform rating with a price target adjustment providing a 20% upside. JPMorgan also maintained an Overweight rating with a 33.5% upside despite a price target revision due to uncertainties linked with EchoStar.

American Tower Corporation (NYSE: AMT) manages a diverse portfolio of communications infrastructure assets globally, including data centers, communication sites, and cell towers across continents. Analysts believe in its potential as an investment, but suggest exploring AI stocks for potentially greater upside and less downside risk.

Scotiabank and JPMorgan have recently revised their outlook on American Tower Corporation (NYSE: AMT), reflecting changes in the U.S. Real Estate & REITs segment. The adjustments stem from upcoming fourth-quarter announcements and uncertainties tied to EchoStar, impacting the tower business segment. Despite revisions, both firms see significant upside potential for AMT at current levels.

Read more at Yahoo Finance: Reasons Why American Tower Corporation (AMT) is Strongly Favored by Hedge Funds