** Brokerage Wells Fargo upgrades wireless tower operators American Tower AMT.N to "overweight" from "equal weight" and Crown Castle CCI.N to "equal weight" from "underweight"
** Raises PT of AMT to $230 from $210 and CCI to $105 from $85
** Brokerage is increasingly favorable on the tower sector throughout 2025 and heading into 2026, with optimism that carrier activity and domestic billings should improve
** Says steadily improving organic billings as new colocations and leases ramp up, particularly from AT&T T.N, but also selectively with T-Mobile US TMUS.O to help growth for AMT
** Says CCI's fiber and small cell divestiture enables the company to focus solely on the U.S. tower operations and drive long-term growth while increasing its valuation multiples
** Up to last close, AMT stock up 5.9% and CCI stock down 2.8% in the past 12 months
(Reporting by Padmanabhan Ananthan)
((Padmanabhan.Ananthan@thomsonreuters.com;))
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