Raymond James Upgrades CommScope Holding (COMM) to Outperform

Raymond James analyst Simon Leopold upgraded CommScope Holding (NASDAQ: COMM) from Underperform to Outperform with a price target of $19.00.

The analyst comments: "We are upgrading CommScope to OutPerform from Underperform following news that Amphenol will pay $10.5B for its CCS segment, coincident with its release of a solid 2Q25 report. Fundamentals have improved thanks to post-pandemic inventory normalization and cable TV upgrades, but the biggest tailwind has come from datacenter connectivity reaching 40% of CCS sales, with a strong growth outlook led by cloud operator demand. The $10B in net proceeds from Amphenol enables CommScope to repay $7.2B of debt and pay a special dividend to shareholders. Remainco will have high customer concentration and modest growth, but the improved balance sheet saves the company. We establish a $19 price target."

For an analyst ratings summary and ratings history on CommScope Holding click here. For more ratings news on CommScope Holding click here.

Shares of CommScope Holding closed at $14.51 yesterday.

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