02:25 PM EDT, 04/29/2025 (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:

We increase our 12-month target by $10 to $245 on an EV/EBITDA multiple of 21.1x to our 2025 estimate, a discount to its three-year average of 21.5x, due to Sprint churn. We leave our 2025 adjusted FFO estimate at $10.59 and decrease 2026 by $0.14 to $11.30. Mobile data growth continues to surprise to the upside, with AMT benefiting as carriers in the U.S. invest heavily in 5G equipment upgrades expected to remain through 2026. Management noted that Nigeria and Brazil had positive pricing dynamics in Q1, along with network upgrades, a strong positive given Latin America's weaker billings growth in recent years. The CoreSite business continued to have strong results (Data Center growth +8.7% in Q1), adding 11MW of capacity through developments in New York and Chicago, with mid-teens stabilized yields for the entire segment. Near-term FX volatility presents a challenge as the weaker USD outlook will drive total billings higher, with the potential for a stronger USD in 2H 2025 returning as a headwind to FFO.