American Tower price target lowered to $245 from $250 at JPMorgan

Group 1 - JPMorgan has lowered the price target on American Tower (AMT) to $245 from $250 while maintaining an Overweight rating on the shares [1] - The firm has reduced new leasing estimates for tower companies due to a more conservative approach influenced by the potential impact from EchoStar [1] - The industry outlook is described as "modest," but the EchoStar/Dish situation presents an overhang; however, potential deals could act as a positive catalyst for tower stocks [1]