Mizuho Upgrades American Tower to Outperform: Will This Cell Tower Giant Finally Reclaim Its Crown?

Mizuho upgraded American Tower from Neutral to Outperform and raised its price target to $205 from $189, implying an $16 increase. The note is a positive analyst call on the cell tower REIT's fundamentals, but it is likely to have only a modest near-term market impact.

Analysis

Mizuho upgraded American Tower from Neutral to Outperform and raised its price target to $205 from $189, implying an $16 increase. The note is a positive analyst call on the cell tower REIT's fundamentals, but it is likely to have only a modest near-term market impact.