Array Digital price target lowered to $53 from $63 at Raymond James

Raymond James lowered the firm’s price target on Array Digital (AD) to $53 from $63 and keeps an Outperform rating on the shares. Array Digital’s 2026 guidance was in line with estimates, and following the completion of the Wireless and Spectrum sale to T-Mobile (TMUS), Array stands as a standalone U.S. TowerCo with monetizable spectrum and wireless minority interests, with additional special dividends and asset value expected, leaving room for upside from conservative assumptions and potential future asset sales or structural changes, the analyst tells investors in a research note.