American Tower Corporation (AMT) Faces Dish Wireless Lease Default, But Analysts Remain Cautiously Optimistic

Core Viewpoint - American Tower Corporation (NYSE:AMT) is facing a lease default from Dish Wireless, but the company asserts that this will not impact its financial results for 2025 [2]. Group 1: Company Overview - American Tower Corporation is a leading global Real Estate Investment Trust (REIT) that owns, operates, and develops wireless and broadcast communications infrastructure, leasing spaces in over 200,000 sites [5]. Group 2: Lease Default Situation - Dish Wireless has defaulted on lease payments, leading American Tower to seek a declaratory judgment to enforce Dish's obligations under their Strategic Collaboration Agreement [2]. - The company accuses Dish Wireless of attempting to exit its long-term deal following a planned $40 billion spectrum sale to AT&T and SpaceX [2]. Group 3: Analyst Ratings and Price Targets - UBS analyst Batya Levi has reduced the price target for American Tower to $254 from $260 while maintaining a Buy rating, noting a favorable risk-reward profile for tower stocks in 2026 [3]. - BMO Capital Markets downgraded American Tower to Market Perform from Outperform and cut the price target to $185 from $210 due to concerns regarding the Dish Network deal [4].