Ciena Upgraded to Outperform by Evercore ISI on AI Data Center Demand; Flutter Cut on Guidance Cuts

Evercore ISI upgraded Ciena (CIEN) to Outperform from In Line on September 21, 2026, raising its price target to $550 from $375, citing optical networking as a critical bottleneck in the AI buildout. BNP Paribas upgraded AT&T (T) to Outperform with a $30 target, up from $26, on expected wireless revenue acceleration in the second half of 2026. Rothschild & Co Redburn downgraded Flutter Entertainment (FLUT) to Neutral from Buy, cutting its target to $119 from $169, citing four consecutive guidance cuts. Texas Capital downgraded Universal Technical (UTI) to Hold from Buy, slashing its target to $25 from $48. Rothschild initiated CoreWeave (CRWV) and Nebius (NBIS) at Sell, while starting Equinix (EQIX), Digital Realty (DLR), and Iron Mountain (IRM) at Buy. Mizuho upgraded Invitation Homes (INVH) and AMH (AMH) to Outperform.