B. Riley Upgrades Anterix to Buy Following Spectrum Deal Optimism
Anterix (ATEX) shares rose approximately 9% on Thursday following an upgrade by B. Riley Securities. The firm raised its rating from Neutral to Buy and increased the price target for the stock from $86 to $103. The upgrade is driven by increasing demand for wireless spectrum from satellite operators and expectations of improved pricing in potential upcoming deals. Analysts suggest these factors provide a more favorable outlook for the company's asset valuation.
Tickers: $ATEX
Topics: price target increase satellite operators spectrum demand stock upgrade