Crown Castle price target raised to $113 from $104 at Barclays

Barclays raised the firm’s price target on Crown Castle (CCI) to $113 from $104 and keeps an Overweight rating on the shares. The firm sees a “lot to like” in the company’s Q4 earnings print, including the full sale of the fiber business with a transaction price above previous press suggestions, a dividend cut in-line with expectations, and a $3B buyback announcement. As the only pure-play U.S. tower company, Crown Castle warrants a premium to peers, the analyst tells investors in a research note.