<div id="readability-page-1"><p>03:45 PM EST, 02/24/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:</p><p>We decrease our 12-month target by $5 to $210 on an EV/EBITDA multiple of 19.2x our 2026 estimate, a discount to its three-year average of 20.4x. We decrease our 2026 adjusted FFO estimate by $0.37 to $10.91 and set 2027 at $11.51. AMT's outlook faces two primary headwinds  - the default of DISH Network (about $200M per year through 2035) and accelerated carrier consolidation in Latin America. AMT is pursuing legal action to recover the value of DISH's remaining leases, but we see full recovery potentially taking years. Data Center growth continues to outperform with MW under construction increasing from 32 to 55 in the past year driven by AI workloads. Management also sees AI as a key future driver for mobile data consumption, which we believe increases the value of its tower network long-term. This year domestic market growth is impacted by 4% run-rate headwinds from DISH but would be up 2%-3% excluding this impact, in our view. We see EBITDA margins down 20-40 bps this year before expanding in 2027.</p> <p>MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</p></div>

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<p>CFRA 對美國塔公司（American Tower Corporation，AMT）維持買入評級，但由於 DISH 網絡的違約和拉丁美洲運營商的整合，將其 12 個月目標價下調至 210 美元。2026 年的調整後 FFO 預估降低至 10.91 美元。儘管面臨挑戰，數據中心的增長依然強勁，受到人工智能工作負載的推動，這可能會提升塔網絡的長期價值。國內市場增長受到 DISH 的影響，但如果沒有這一影響，可能會增長 2%-3%。預計 EBITDA 利潤率今年會略微下降，之後在 2027 年將會擴大</p>

研究警報：CFRA 維持對 American Tower Corporation 股票的買入評級