CommScope upgraded to Outperform from Market Perform at Northland

Northland analyst Tim Savageaux upgraded CommScope (COMM) to Outperform from Market Perform with a price target of $12, up from $4, citing “very strong” AI Optical datapoints last week from both hyperscale customers and peers such as Corning (GLW) that the analyst says bode well for the CCS Connectivity unit. The firm also sees positive drivers on the Cable networking side with the ramp of FDX amplifiers at Comcast (CMCSA), the analyst added.