Italian wireless tower operator Inwit advanced 1.7% to €6.145 on Monday, paring losses from a 52-week low of €5.975, after Barclays upgraded the stock to Overweight and set a price target of €8.6.
The upgrade, led by analyst Maurice Patrick, coincided with a similar rating change for Inwit’s main Italian competitor, Cellnex Telecom. Barclays cited a "perfect storm" of sector pressures—including sluggish mobile capital expenditure, European telecom M&A activity, contract renewal overhangs, and higher interest rates—as having oversold tower company shares. Current valuations implied potential contract renewal cuts exceeding 25%, which Barclays described as excessively pessimistic.
Inwit’s gains occurred against a backdrop of mixed-to-negative trading in U.S. equities, indicating the move was primarily driven by the analyst action rather than broader market momentum. The company continues to navigate legal disputes with anchor tenants TIM and Fastweb over Master Service Agreement termination rights, with a final court decision expected by November 2026.
