American Tower (AMT) Upgraded to Outperform at RBC Capital

With an annual dividend yield of 3.98%, American Tower Corporation (NYSE:AMT) is included among the 12 Best NYSE Stocks to Buy for Dividends.

American Tower Corporation (NYSE:AMT) is a Fortune 500, S&P 500, and Forbes Global 2000 company that provides the infrastructure for modern digital communications.

On June 26, RBC Capital upgraded American Tower Corporation (NYSE:AMT) from ‘Sector Perform’ to ‘Outperform’ and also raised its price target on the stock from $195 to $205, indicating an upside of almost 17% from the current levels.

American Tower Corporation (NYSE:AMT) raised its guidance for full-year 2026 after beating top-line and bottom-line estimates in its first quarter, supported by the robust leasing ​demand from telecom firms, expanding mobile data consumption, ‌and cloud adoption.

American Tower Corporation (NYSE:AMT) is now expecting total property revenue of between $10.59 billion and $10.74 billion for full-year 2026, up from its prior forecast of $10.44 ​billion to $10.59 billion. Additionally, the company is now targeting adjusted funds from operations (AFFO) per share attributable to its common stockholders in the range of $10.90 to $11.07, ​up from its prior guidance of $10.78 to $10.95.

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