Inwit advanced 1.7% to €6.145 on Tuesday after Barclays upgraded the Italian wireless tower company to Overweight from Equal Weight and introduced a price target of €8.6.
The upgrade followed a Barclays note that described European tower stocks as oversold amid a confluence of pressures, including subdued mobile capital expenditure, consolidation among telecom operators, contract renewal uncertainty and higher interest rates. Analyst Maurice Patrick, who led the research, argued that current valuations implied potential contract renewal cuts exceeding 25%, a scenario he deemed excessively bearish.
The upgrade coincided with a similar rating change for Cellnex Telecom, Inwit’s primary competitor in Italy, which contributed to a broad lift across European tower operators. U.S. equities provided little support, with major indices trading mixed to lower.
Inwit remains engaged in legal disputes with anchor tenants TIM and Fastweb over termination rights under Master Service Agreements. A final court decision on these matters is not expected until November 2026. The stock’s recent gain follows a retreat to near its 52-week low of €5.975.
