RBC Capital lowered the firm’s price target on Crown Castle to $100 from $109 and keeps a Sector Perform rating on the shares. The company posted “solid” Q1 results, but the quarter was eclipsed by the ongoing uncertainty around the strategic fiber review, the analyst tells investors in a research note, adding that the firm’s price target cut also reflects uncertainty over Crown Castle’s dividend outcomes.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CCI:
- Crown Castle’s Highly Qualified Board of Directors is Driving Strategic Actions to Enhance Value
- Crown Castle shareholder Boots Capital issues statement
- Largest borrow rate increases among liquid names
- Crown Castle Files Investor Presentation Highlighting Clear Strategic Plan and Refreshed, Experienced Board to Drive Shareholder Value Creation
- Crown Castle appoints Moskowitz as CEO