11:55 AM EDT, 10/28/2025 (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 decrease our 12-month target by $30 to $215 on an EV/EBITDA multiple of 18.8x our 2025 estimate, a discount to its three-year average of 20.8x. We increase our 2025 adjusted FFO estimate by $0.06 to $10.72 and decrease 2026 by $0.19 to $11.28. Services revenue growth remains strong, which is typically a leading indicator for future leasing activity, while co-location applications were +40% in Q3. Management continues to see significant data center demand related to AI with mid-teens or higher stabilized yields on new developments. We see increasing concerns about carrier churn with U.S. Cellular/T-Mobile consolidation and legacy U.S. Cellular leases (1% of site revenue) up for renewal in 2026. DISH also formally notified AMT it believes it is excused from MLA payments tied to EchoStar leases (2% of site revenue) with AMT filing a lawsuit to enforce this contract. Management is confident these contracts are enforceable, but we see near-term increased litigation risk creating headwinds.