Mizuho Upgrades American Tower to Outperform
Mizuho analyst Vikram Malhotra upgraded American Tower (AMT) from Neutral to Outperform with a $205 price target, citing improving cell tower fundamentals and an undervalued data center business. The stock has underperformed peers by 26 percentage points over the past year, but the analyst sees potential for a multiple re-rating due to these factors.
Topics: American Tower analyst rating cell tower fundamentals data center business dividend yield stock upgrade