Information Provided By:
Fly News Breaks for January 21, 2016
SBAC, CCI, AMT
Jan 21, 2016 | 07:56 EDT
After Re/code reported that Sprint (S) is developing plans that would bypass the large tower companies, Wells Fargo believes that the risk of such developments is more than priced into the sector's stocks. Wells finds the cell towers' valuation attractive, and it identifies American Tower (AMT) as its favorite name in the sector.