JPMorgan Lowers American Tower (AMT) Price Target to $250 Amid Dish Wireless Notice

Core Insights - American Tower Corporation (NYSE:AMT) is recognized as one of the 13 most undervalued dividend stocks according to Wall Street analysts [1] - JPMorgan has lowered the price target for AMT from $255 to $250 while maintaining an Overweight rating, citing concerns related to Dish Wireless [3] Company Overview - American Tower Corporation specializes in owning, acquiring, and developing communications real estate, including cell towers and data centers, both domestically and internationally [2] - The company generates revenue primarily by leasing space on its properties to wireless carriers and enterprise clients [2] Financial Performance - AMT reported strong Q3 results and raised its outlook, although management noted a notice from Dish Wireless claiming to be excused from its contractual obligations [3] - Despite challenges, AMT has increased its dividends for 16 consecutive years, currently offering a quarterly dividend of $1.70 per share with a dividend yield of 3.8% as of October 29 [4]