Positive

From InvestorPlace: 2024-07-03 20:02:06

Analysts on Wall Street are constantly issuing reports on stock upgrades, downgrades, and coverage initiations. While the reports can be overwhelming, they can provide valuable insights for investors as analysts have access to information unavailable to the average investor. Stocks with changed ratings should be closely monitored by investors.

AT&T (T) recently had coverage initiated by Goldman Sachs with a buy rating and a price target of $22 per share, in line with consensus. AT&T reported near-record low wireless customer churn, strong Q1 results, and improving operating margins. The stock has gained 12% in 2024 with a 6% dividend yield.

American Tower (AMT), a real estate investment trust specializing in cellular towers, received coverage initiation with a buy rating and a $230 per share price target. The company reported 5% same-tower sales growth in Q1 and raised its dividend annually by over 16%. The stock has a dividend yield of 3.4% and upside potential of 19% according to the analyst.

Digital Realty Trust (DLR), the largest data center owner with over 300 locations, had coverage initiated with a buy rating and a $175 per share price target. The REIT reported massive bookings driven by artificial intelligence, with increased rental rates and earnings beating expectations. The stock has surged 33% in the last year with a dividend yield of 3.3%.



Read more at InvestorPlace: Upgrade or Downgrade? Wall Street Just Changed Its Mind on These 3 Stocks.