American Tower CorpAMT
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RBC Capital upgraded American Tower to Outperform and raised price target, citing strong Q1 results and raised guidance.
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Cloud & Digital Infrastructure
American Tower CorpRBC Capital upgraded American Tower from Sector Perform to Outperform and raised its price target from $195 to $205, implying nearly 17% upside. The upgrade follows the company's first-quarter results, where it beat top- and bottom-line estimates and raised its full-year 2026 guidance. American Tower now expects total property revenue between $10.59 billion and $10.74 billion, up from a prior range of $10.44 billion to $10.59 billion, and adjusted funds from operations per share of $10.90 to $11.07, up from $10.78 to $10.95. The company cited robust leasing demand from telecom firms, expanding mobile data consumption, and cloud adoption as key drivers.
American Tower CorpRBC Capital upgraded American Tower to Outperform and raised price target, citing strong Q1 results and raised guidance.