Crown Castle price target lowered to $96 from $116 at Deutsche Bank

Deutsche Bank lowered the firm’s price target on Crown Castle (CCI) to $96 from $116 and keeps a Hold rating on the shares as part of a Q4 earnings preview. The firm believes tower valuations “reflect many negatives amidst weak investor sentiment,” but that the stocks lack imminent catalysts to re-rate. Deutsche sees greater longer-term upside to towers, but acknowledges that data centers “have more near-term momentum on their side.”