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M&T Bank Corp Sells 175,456 Shares of American Tower Corporation $AMT
M&T Bank Corp significantly reduced its stake in American Tower Corporation (AMT) by selling 175,456 shares, reducing its holdings by 84.4% in the fourth quarter. Despite missing Q4 EPS estimates, American Tower saw revenue rise and increased its quarterly dividend to $1.79. Analysts largely maintain a “Moderate Buy” rating for the stock with an average target price of $217.33.