Analysts upgraded two major cell tower REITs Wednesday. Crown Castle and American Tower both received upgrades. The moves signal a broader re-rating of the tower sector.
Crown Castle carries a $31.5B market cap. Its average analyst target price sits at $95.07. The upgrade pushed consensus from a majority Hold toward a more balanced view. American Tower, the larger name at $80.3B, saw its Hold-heavy consensus shift after the upgrade. Its average target rose to $215.70.
SBA Communications missed out on the upgrade wave. Analysts trimmed its target to $226.40 from $228.25. The divergence within the sector is notable.
Ciena also took a cut. The networking equipment maker saw its average target drop to $557.29 from $563.08. Despite the trim, consensus remains firmly in Buy territory with 14 Buy ratings.
Elsewhere, Target targets lifted to $157.65 from $153.88 after its earnings beat. Autodesk targets ticked up to $314.19. saw a small target raise to $207.70.
Moderna lost a recommendation entirely. Its average target jumped to $83.78 as a result of the removed Hold rating. Short interest in these names remains low across the board.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
