Truist Financial Reiterates "Buy" Rating for American Tower (NYSE:AMT)

Truist Financial has reiterated its "Buy" rating for American Tower (NYSE:AMT), adjusting the price target slightly from $208 to $207, which still implies a 21.1% upside. American Tower shares saw a 0.8% increase, trading at $170.93, with analysts maintaining a "Moderate Buy" consensus and an average price target of $215.14. Despite significant institutional ownership, company insiders have sold 6,791 shares valued at approximately $1.2 million in the last 90 days.