Almost four months ago, a well-respected telecom financial analyst downgraded the public tower companies, later citing that she believed that a couple of the major carriers may be trying to bypass the major towercos – or at least presenting that posture so that they could control rising rent escalators.
In a March 4 statement, Wells Fargo senior analyst Jennifer Fritzsche said, “We believe the industry is facing some growing pains right now in the U.S. Will it pass? Yes, we believe so. But will the stocks outperform in this period of growing pains? Probably not.”
