BMO wonders if Crown Castle changes make near-term sale less likely

BMO Capital keeps a Market Perform rating on Crown Castle after the company completed an operating review of its fiber and small-cell business. The company is unlocking operating and capital efficiencies, though the timing is “somewhat curious” given the still ongoing strategic review of the fiber business , the analyst tells investors in a research note. The firm says that while Crown Castle has embarked on a dual track for its operational and strategic review, it questions if the announced changes make a near-term sale less likely.