AMT is trading 4% up at $175.50 after RBC Capital upgraded the company from Sector Perform to Outperform and raised its price target to $205.
- The rally marks a rebound from recent weakness, following a 3.29% decline on June 25 to $168.72.
- Analysts remain optimistic about the company's tower and data-center business, even as the broader REIT sector faces pressure from interest rate sensitivity.
- The move appears company-specific as the broader market is trading slightly lower today.