Argus analyst Marie Ferguson initiated coverage of Crown Castle with a Buy rating and $140 price target. The company stands to benefit from increased demand for 5G wireless communications, and the firm has a positive view of Crown Castle’s focus on small cells, which can be used to improve communications in congested urban areas and expand service to underserved rural communities, the analyst tells investors in a research note.
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Read More on CCI:
- Crown Castle initiates restructuring plan, to reduce headcount by about 15%
- Crown Castle Appoints Kevin T. Kabat and Maria M. Pope to its Board of Directors
- Crown Castle price target lowered to $116 from $137 at Barclays
- Crown Castle Declares Quarterly Common Stock Dividend
- Crown Castle price target lowered to $128 from $147 at Raymond James