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Crown Castle upgraded to Peer Perform from Underperform at Wolfe Research

Crown Castle upgraded to Peer Perform from Underperform at Wolfe Research

Wolfe Research analyst Andrew Rosivach upgraded Crown Castle (CCI) to Peer Perform from Underperform without a price target The macro environment supports defensive businesses, and tower drivers remain defensive, while the sale of Crown Castle’s fiber business provides a “line of sight” to 5% multi-year growth and a “well covered” dividend, the analyst tells investors in a research note. The firm also believes the stock’s valuation is now fair on a series of metrics.

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