Analysts shift focus toward AI-linked infrastructure and REITs, upgrading Ciena and Equinix while downgrading Flutter Entertainment and CCU amid sector-specific headwinds.
Evercore ISI upgraded Ciena to Outperform with a significantly higher price target, highlighting optical networking as a critical bottleneck in AI data center buildout.
Rothschild & Co Redburn downgraded Flutter to Neutral with a sharply lower price target, citing four consecutive guidance cuts that temper enthusiasm.
HSBC double downgraded CCU to Reduce with a lower price target, stating the company is poor at creating future demand for its core product.
BNP Paribas upgraded AT&T to Outperform with a higher price target, citing accelerating wireless service revenue growth in the back half of 2026.
Northland upgraded Veeco to Outperform, citing strong order momentum and a growing total addressable market driven by laser annealing and advanced packaging.
Texas Capital downgraded Universal Technical to Hold with a much lower price target, expressing concern over lingering disruption in its high school channel.
Mizuho downgraded Equity Lifestyle to Neutral, citing higher-for-longer oil prices, inflation, and interest rates as headwinds to multiple expansion.
Rothschild & Co Redburn initiated CoreWeave with a Sell rating and $54 price target, citing unattractive risk/reward.
Rothschild & Co Redburn initiated Nebius with a Sell rating, reflecting a negative view on the stock.
Rothschild & Co Redburn initiated Equinix with a Buy rating and $1,261 price target, seeing REITs as underappreciated beneficiaries of the AI buildout.
Rothschild & Co Redburn initiated Digital Realty with a Buy rating, viewing traditional REITs as second-derivative beneficiaries of the buildout.
Rothschild & Co Redburn initiated Iron Mountain with a Buy rating, consistent with its positive view on REITs in the AI buildout.
Mizuho upgraded Invitation Homes to Outperform, citing attractive valuations and lower risk compared to other REITs.
Mizuho upgraded AMH to Outperform, citing attractive valuations and lower risk compared to other REITs.
Evercore ISI upgraded Macerich to Outperform, citing an improving balance sheet and accelerating FFO growth in 2027-2028.
BNP Paribas downgraded Vail Resorts to Neutral with a $135 price target, moving to the sidelines.
Rothschild & Co Redburn initiated Hut 8 with a Neutral rating and $96 price target, being neutral on AI infrastructure.
Rothschild & Co Redburn initiated Cipher Mining with a Neutral rating, reflecting a cautious stance on neoclouds.
Rothschild & Co Redburn initiated TeraWulf with a Neutral rating, consistent with its negative view on neoclouds.
Rothschild & Co Redburn initiated Core Scientific with a Neutral rating, reflecting a cautious stance on the sector.
Wall Street analysts adjusted ratings across sectors today, with AI infrastructure and REITs seeing significant activity. BNP Paribas upgraded AT&T on revenue growth expectations, while Evercore ISI boosted Ciena, citing its critical role in AI data center connectivity. Conversely, Rothschild & Co Redburn initiated a cautious stance on neocloud providers while favoring traditional REITs as AI beneficiaries.
Analysts at firms like Rothschild & Co Redburn view traditional REITs as underappreciated second-derivative beneficiaries of the ongoing AI infrastructure buildout.