B.Riley downgrades Anterix stock to neutral, raises price target to $69

B.Riley downgraded Anterix stock to neutral but raised its price target to $69. The firm cited limited upside potential and concerns about Anterix fully realizing the value of its 900 MHz spectrum assets, despite recent gains and a significant increase in its target price. Anterix has secured 12 contracts after over four years of licensing efforts, with only 17% of its covered LTE spectrum population commercially monetized.