瑞银下调中国铁塔评级至中性，目标价降至11.6港元

Core Viewpoint - UBS report indicates a significant increase in maintenance costs for old towers, estimated at approximately 4 to 5 billion yuan, coupled with weak capital expenditures from telecom operators, which negatively impacts profit growth expectations [1] Group 1: Rating and Target Price Adjustment - UBS downgraded the rating from "Buy" to "Neutral" on March 24, 2026, with the target price reduced from 13.5 HKD to 11.6 HKD, primarily due to rising maintenance costs and weak capital expenditures from operators [1]