Mizuho Reduces the Firm’s PT on American Tower (AMT) stock

American Tower Corporation (NYSE:AMT) is one of the Best Depressed Stocks to Buy Right Now. On January 12, Mizuho reduced the firm’s price objective on the company’s stock to $189 from $217, while keeping a “Neutral” rating, as reported by The Fly. The firm adjusted targets in the broader real estate investment trust group with respect to its 2026 outlook. It has an “Equal-Weight” rating on REITs in 2026 and sees a mixed macro backdrop. The firm opines that the valuations look rich compared to the fixed income alternatives.

Mizuho Reduces the Firm’s PT on American Tower (AMT) stock

The analyst added that, while supply/demand fundamentals continue to improve, a slowing economy continues to pose risks in FY 2026.

In a different update, on January 12, JPMorgan reduced the firm’s price objective on American Tower Corporation (NYSE:AMT)’s stock to $245 from $250, while maintaining an “Overweight” rating. Notably, the firm lowered new leasing estimates for the tower companies ahead of earnings. This demonstrates a more conservative approach because of the potential impact from EchoStar.

American Tower Corporation (NYSE:AMT) is one of the largest global REITs.

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Disclosure: None. This article is originally published at Insider Monkey.