Reasons Why American Tower Corporation (AMT) is Strongly Favored by Hedge Funds

Group 1 - American Tower Corporation (NYSE:AMT) is favored by hedge funds and has received an Outperform rating from Scotiabank, with a revised price target of $220, indicating a potential upside of almost 20% [1][2] - JPMorgan has maintained an Overweight rating on AMT, but has revised its price target down to $245 due to uncertainties related to EchoStar, while still projecting a 33.5% upside [3] - AMT manages a diverse portfolio of multitenant communications infrastructure assets, including data centers, communication sites, and cell towers across multiple regions including Africa, the Americas, Asia, and Europe [4] Group 2 - Scotiabank's outlook on the U.S. Real Estate & REITs segment reflects sound investor demand for multifamily and self-storage assets, supported by favorable projections for 2026 [2]