Crown Castle price target lowered to $90 from $100 at Wells Fargo

Wells Fargo analyst Eric Luebchow lowered the firm’s price target on Crown Castle to $90 from $100 and keeps an Underweight rating on the shares. Underwhelming AFFO guidance and a shaky outlook for dividend coverage is pressuring the stock, despite solid organic growth metrics, the analyst tells investors in a research note. The firm doesn’t see a near-term catalyst until growth reaches a trough.