Wall Street Analysts Upgrade Ciena and Downgrade Flutter
On September 21, 2026, several Wall Street analysts issued notable upgrades and downgrades across various sectors. Evercore ISI upgraded Ciena (CIEN) to Outperform from In Line with a raised price target of $550 due to the growing importance of optical networking in AI infrastructure development. The firm highlighted that data center connectivity is becoming critical for large language model monetization, positioning Ciena as an attractive investment opportunity. Conversely, Rothschild & Co Redburn downgraded Flutter Entertainment (FLUT) from Buy to Neutral with a reduced price target of $119 after the company cut guidance four times in succession. The downgrade reflects concerns over Flutter's ability to maintain growth and investor confidence. Other notable moves included upgrades for AT&T (T), Invitation Homes (INVH), Macerich (MAC), Veeco (VECO), and AMH, while Universal Technical (UTI) and CCU were downgraded. Rothschild also initiated coverage on several companies including CoreWeave (CRWV) with a Sell rating and Equinix (EQIX) with a Buy. These analyst actions reflect shifting market sentiments toward AI infrastructure investments versus neocloud platforms, where valuations are seen as inflated.
Tickers: $AMH $CIEN $FLUT $INVH $MAC $T $VECO
Topics: analyst calls stock downgrades stock upgrades Wall Street research