Bernstein Raises Rating on American Tower, Sees About 17% Upside
Bernstein upgraded American Tower from Market-Perform to Outperform and kept a $207 price target, citing the tower operator's durable cash flows, long-term leases and limited downside from satellite competition, interest rates and Dish-related disputes. The price target implies roughly 17% upside from the stock's May 18, 2026 close of $177.28.