American Tower (NYSE:AMT) Given New $209.00 Price Target at Jefferies Financial Group

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Jefferies Financial Group has increased its price target for American Tower (NYSE:AMT) to $209.00 from $200.00, maintaining a “buy” rating and suggesting an 11.25% upside. Despite the positive outlook from Jefferies, other firms like TD Cowen, Wells Fargo, Mizuho, and Raymond James have recently adjusted their targets, indicating mixed analyst sentiment, with the stock currently holding a “Moderate Buy” consensus and an average target of $218.00. Additionally, a significant insider transaction occurred in December, with major shareholder Tower Corp selling over 2.2 million shares, reducing insider ownership to 0.17% while institutional investors hold 92.69%.

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