Wells Fargo Lowers Crown Castle Price Target to $90, Maintains Overweight Rating

Wells Fargo has lowered its price target for Crown Castle (CCI) to $90, a 14.29% decrease from the previous target of $105. The investment firm maintains its Overweight rating for the company. This adjustment reflects ongoing caution among analysts regarding the stock's future valuation. Crown Castle owns or manages approximately 40,000 wireless towers in the US and leases space to wireless service providers. The company plans to divest its fiber business, expected to be finalized in 2026, after which it will be a stand-alone tower operator.