01:40 AM EDT, 10/23/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We maintain our 12-month target price at $86, applying an EV/EBITDA multiple of 24.3x to our 2026 estimate, a premium to its one-year historical average multiple at 21.8x given the planned transition to a pure-play tower company. CCI currently trades at 18.1x our 2026 FFO estimate vs. 16.8x its three-year forward average. We increase our 2025 FFO estimate by $0.11 to $4.00 and 2026 by $0.06 to $4.75. We continue to believe CCI will face growth-related headwinds as the fiber sale moves forward. While leasing growth was stronger than expected in Q3, management noted there was a timing element positively impacting this and it sees lower growth in Q4. We also note that discretionary capex has been reduced for 2025 by $30M, with this spending pushed out to next year as some projects have been re-evaluated or face slower-than-expected site deployment. EchoStar represents 5% of tower revenue, and its merger with DISH increases the risk of contract renegotiation creating churn similar to the Sprint/T-Mobile merger.