As previously reported, Wells Fargo upgraded Crown Castle (CCI) to Overweight from Equal Weight with a price target of $125, up from $105. The firm cites a compelling Q2 that shows cost-cutting efforts ahead of plan, which provides upside to Wells’ 2025-2027 AFFO/share numbers and makes for a compelling relative valuation story. Crown Castle is the firm’s top tower pick.
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Read More on CCI:
- Crown Castle upgraded to Overweight from Equal Weight at Wells Fargo
- Crown Castle Reports Strong Q2 2025 Results
- Crown Castle: Balancing Positive Growth with Strategic Uncertainties – Hold Rating Maintained
- Crown Castle raises FY25 AFFO view to $4.14-$4.25 from $4.06-$4.17
- Crown Castle reports Q2 AFFO$1.02, consensus $1.00