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.

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.