Crown Castle's Fiber business is under review for a potential sale of a minority stake, which is being closely watched by investors. Additionally, Crown Castle has initiated a strategic shift, aiming to reduce operating expenses by $100 million and cut growth capital expenditures by $300 million. However, Wells Fargo (NYSE: WFC ) maintains its Equal Weight rating on Crown Castle, expressing concerns about the company's ability to sustain growth rates with decreased spending. BofA Securities and RBC Capital have also maintained their Neutral and Sector Perform ratings respectively, while adjusting their price targets. In the first half of 2024, Crown Castle faced campaigns from activist investors, with Elliott Investment Management securing a position on the company's board. Despite this activity, the success rate of these campaigns in boardroom battles has seen a decline.