Equita cuts Italy's Inwit to 'hold' on 'sluggish' investment environment

About this update from Infrastrutture Wireless Italiane S.p.a.

** Equita cuts Italy's Inwit MIL:INW to "hold" from "buy" on a "sluggish" towerco sector investment environment with "limited" recovery visibility** The focus of mobile network operators (MNO) remains on operational efficiency despite the Italian network's densification need, it says** Growth opportunities through 2030 are "limited", with pressure coming from clients to reduce discretionary component returns, it adds** MNO consolidation would be positive as it would support the profitability of the sector, and include commitments to nework densification, it notes** Up to the previous session's close, shares were down 15.1%​ YTD** Out of 18 analysts that cover Infrastrutture Wireless Italiane, seven rate the stock "strong buy" or "buy,"​ 11 "hold" - LSEG data

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