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American Tower (AMT) Initiated at Bernstein as Firm Highlights Global Tower Portfolio
Bernstein initiated coverage on American Tower Corporation (AMT) with a Market Perform rating and a $205 price target, admiring its high-quality business and consistent execution. The firm highlighted American Tower’s global portfolio of 149,000 towers and its ownership of CoreSite, a data center provider. Bernstein views the stock as fairly valued, suggesting future movements will be driven by broader macro factors rather than company-specific strategies.