Analysts Just Revised Their Ratings for These 5 Companies

4. American Tower Corporation (NYSE:AMT)

Number of Hedge Fund Holders: 50

Shares of American Tower Corporation (NYSE:AMT) turned green on Tuesday, June 21, 2022, after JPMorgan upgraded the Boston-based real estate investment trust from “Underweight” to “Overweight.”

JPMorgan analyst Philip Cusick referred to the highly predictable revenue stream of American Tower Corporation (NYSE:AMT). Moreover, Cusick believes the drop in the company’s share price on a year-to-date basis has created a positive risk/reward. The analyst also lifted his price target for American Tower Corporation (NYSE:AMT) from $245 per share to $285 per share.