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StocksMediumUpdated×5•Originally published 14 April 2026•Updated 16 April 2026•

1 min read

Costco Sales Surge 11.3% as Analysts Scrutinize American Tower Dividends

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Key Facts

1Costco (COST) reported March 2026 net sales growth of 11.3% to $28.41 billion.

about 2 months ago

Version History

Version 5about 2 months ago

What changed: Updated the story to reflect Mizuho's upgrade of American Tower (AMT) and the increased price target.

Version 4about 2 months ago

What changed: Added information regarding a strategic market rotation, suggesting a window to sell laggard dividend stocks and acquire undervalued ones during the current market bounce.

Version 3about 2 months ago

What changed: Added details regarding Barclays raising SBAC price target to $244, the 18.9% stock rally, and the involvement of advisors in evaluating takeover offers.

Version 2about 2 months ago

What changed: The story was updated to include challenges facing Crown Castle (CCI), including a cautious FFO outlook and the impact of its recent dividend cut.

Version 1about 2 months ago

What changed: The story was updated to include buyout interest in SBA Communications and its potential impact on broader tower industry valuations.

Costco (COST) reported a robust 11.3% increase in March sales, while the outlook for American Tower (AMT) has shifted positively following a significant analyst upgrade. Mizuho upgraded AMT stock from Neutral to Outperform, raising its price target to $205 from $189, which counters previous scrutiny regarding dividend sustainability. Elsewhere in the sector, SBA Communications saw its stock jump 18.9% on takeover news, and investors await quarterly results from Crown Castle (CCI). Amidst these developments, J.P. Morgan and Morgan Stanley maintain that current market dips offer strategic buying opportunities for undervalued assets. This shift highlights a broader trend of portfolio rotation as investors capitalize on price inefficiencies within the infrastructure and retail sectors.