American Tower -1% as JPMorgan cuts to Neutral

|About: American Tower Corporation (AMT)|By:, SA News Editor

American Tower (NYSE:AMT) is down 1% premarket after a downgrade to Neutral at JPMorgan.

The firm set a price target of $160, still implying 12.5% upside.

Shares are fractionally down on the year; they're up 6.8% over the past 12 months.

Yesterday, Raymond James cut to Market Perform.

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