U.S. Towers, Are They Still “Buys?” Analyst Says “Yes”

“Towers are no longer stupid cheap like they were at the end of 2016,” said Nick Del Deo of MoffettNathanson, “and there is less headroom to our target prices than there once was.”  It is therefore critical, according to Del Deo, that investors expand beyond the simple, and now consensus, “growth is inflecting in 2018” narrative.  Instead, investors must pay closer attention to strategic direction, capital allocation, quality of bottom-line metrics, and valuation at the three operators, to assess which equities are most compelling, Del Deo advised.    Continue Reading