Goldman Sachs Downgrades American Tower (AMT) to Neutral

Goldman Sachs downgraded American Tower (NYSE: AMT) from Buy to Neutral with a price target of $106.00 (from $110.00).

Analyst Brett Feldman said, "Our downgrade does not reflect a material change in our fundamental outlook for AMT. Instead, it reflects a belief that investors looking for exposure to the tower sector can generate a more attractive total return in CCI, which we are separately upgrading to Buy following its move to a high-payout dividend policy (see Crown Castle: Attractive Yield + Growth; Upgrading to Buy).

For an analyst ratings summary and ratings history on American Tower click here. For more ratings news on American Tower click here.

Shares of American Tower closed at $97.50 yesterday.

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