Tower stocks offer ‘very attractive entry point,’ says Deutsche Bank

Deutsche Bank says the “pendulum has swung too far,” creating greater relative upside to tower stocks over the next twelve months. The tower stocks “now appear to offer a very attractive entry point for investors looking to position more defensively following the recent market run, with more meaningful upside potential over a longer-term time frame,” the analyst tells investors in a research note. The analyst covers American Tower (AMT), Crown Castle (CCI) and SBA Communications (SBAC).