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CCI

Crown Castle

$100.44

-0.66 (-0.65%)

, ZAYO

Zayo Group

$30.76

0.41 (1.35%)

09:56
07/17/17
07/17
09:56
07/17/17
09:56

Wells says Crown Castle $7B deal would provide attractive comp for Zayo

Wells Fargo analyst Jennifer Fritzsche noted the Reuters report that claims Crown Castle (CCI) has bid in the $7B range for Lightower Fiber Networks. She added the news is not surprising to her given how aggressive Crown Castle has been in building its fiber portfolio, which is a strategy with which she agrees. She believes such an acquisition would provide an attractive comp for Zayo Group (ZAYO), as she noted that Lightower is growing top line at a much faster rate but Zayo covers triple the geography. Fritzsche keeps Outperform ratings on Crown Castle and Zayo Group.

CCI

Crown Castle

$100.44

-0.66 (-0.65%)

ZAYO

Zayo Group

$30.76

0.41 (1.35%)

  • 19

    Jul

CCI Crown Castle
$100.44

-0.66 (-0.65%)

06/12/17
RAJA
06/12/17
DOWNGRADE
RAJA
Market Perform
Crown Castle downgraded to Market Perform from Outperform at Raymond James
Raymond James analyst Ric Prentiss downgraded Crown Castle to Market Perform citing strong year-to-date share performance and said consensus estimates now capture most of the benefit of the improving US leasing environment.
06/08/17
DBAB
06/08/17
NO CHANGE
Target $118
DBAB
Buy
Crown Castle price target raised to $117 from $108 at Deutsche Bank
Deutsche Bank analyst Matthew Niknam raised his price target for Crown Castle to $117 saying the company is best positioned as an infrastructure "pure-play" on U.S. wireless traffic growth. After meeting with management, the analyst believes a "strong" pipeline and "multiple" catalysts reinforce his conviction. He keeps a Buy rating on Crown Castle shares.
04/26/17
COWN
04/26/17
NO CHANGE
Target $105
COWN
Outperform
Crown Castle weakness a buying opportunity, says Cowen
Cowen analyst Colby Synesael noted Crown Castle reported solid Q1 results and only slightly raised its guidance. He also noted the company announced a secondary offering of stock. Synesael would use the weakness from the lackluster guidance and offering as a buying opportunity and reiterated his Outperform rating and $105 price target on Crown Castle shares.
04/11/17
04/11/17
UPGRADE
Target $101

Buy
Crown Castle upgraded on improving tower sentiment, A&T build out at Guggenheim
As previously reported, Guggenheim upgraded Crown Castle (CCI) to Buy from Neutral and raised its price target to $101 from $91. Analyst Jonathan Schildkraut said improving tower sentiment and expectations that AT&T's (T) build out of the FirstNet network will result in a meaningful benefit to Crown Castle's growth rates beyond 2017. Further, the analyst increasingly expects 5G will leverage small cell infrastructure, benefiting Crown Castle's long-term growth.
ZAYO Zayo Group
$30.76

0.41 (1.35%)

06/22/17
KEYB
06/22/17
NO CHANGE
KEYB
Zayo Group may not become takeover target, says KeyBanc
KeyBanc analyst Brandon Nispel sees a number of reasons why Zayo may not become a takeover target, even though rumors about such a deal are circulating. Among the reasons are his belief that "more fiber will be built due to changing network architecture and his belief that "a number of smaller providers in the market could fill a fiber need in a less expensive manner." He expects the company's fundametnals to continue to disappoint the market and keeps a Sector Weight rating on the shares.
05/19/17
GSCO
05/19/17
DOWNGRADE
Target $39
GSCO
Buy
Zayo Group downgraded to Buy from Conviction Buy at Goldman Sachs
Goldman analyst Brett Feldman removed Zayo Group from the Conviction Buy List following Q1 results that indicate a near-term acceleration in revenue growth will take time to materialize. The analyst said bookings and growth missed expectations and said a near-term reaccelerating is unlikely. Longer-term, Feldman continues to see a ramp in OTT video offerings, reintroduction of unlimited data plans by wireless carriers, and continued cloud adoption as growth drivers. The analyst rates Zayo Group a Buy with a $39 price target.
05/10/17
05/10/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Yelp (YELP) downgraded to Neutral from Buy at MKM Partners and to Sector Perform from Outperform at RBC Capital. 2. General Dynamics (GD) downgraded to Market Perform from Outperform at Bernstein with analyst Douglas Harned downgraded the stock based on valuation. 3. Zayo Group (ZAYO) downgraded to Market Perform from Strong Buy at Raymond James and to Neutral from Overweight at JPMorgan. 4. U.S. Steel (X) downgraded to Market Perform from Outperform at Cowen with analyst Novid Rassouli citing lack of earnings visibility. 5. Rocket Fuel (FUEL) downgraded to Neutral from Outperform at Credit Suisse with analyst Stephen Ju citing "sloppy first quarter results." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/10/17
RAJA
05/10/17
DOWNGRADE
RAJA
Market Perform
Zayo Group downgraded to Market Perform from Strong Buy at Raymond James
Raymond James analyst Frank Louthan downgraded Zayo Group to Market Perform from Strong Buy following ahead of expected "choppiness" in the next few quarters related to a larger sales restructuring. The analyst said Zayo is facing several internal challenges that will impact a reacceleration in growth and believes shares could trade sideways near-term.

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