Deutsche Bank Reiterates Crown Castle Buy (CCI)

Deutsche Bank reiterated its Crown Castle Buy rating in a research report published today. In the report, Deutsche Bank states, "We expect Crown Castle (CCI) to report solid 4Q results, that are at or above the mid-points of guidance and to reiterate (or potentially increase) its 2011 outlook, which we view as conservative. Despite positive fundamentals, the group has underperformed the market year-to-date (AMT: -0.5%, CCI: -2.1%, SBAC: -0.7%, S&P: +2.7%). Given our expectations for solid 4Q results and the recent underperformance of tower stocks, we believe current price levels represent an attractive entry point for CCI heading into the quarter." Shares of Crown Castle were trading at $43.07 at the time of posting, up 0.21% from Tuesday's market close.