American Tower price target lowered to $227 from $233 at Raymond James

Raymond James lowered the firm’s price target on American Tower to $227 from $233 and keeps an Outperform rating on the shares following Q4 results and initial 2023 guidance that the firm described as "solid on core fundamentals," but "significantly impacted" by interest and foreign exchange rates plus ongoing collection issues with Indian carrier Vodafone Idea Limited.