Citi analyst Michael Rollins lowered the firm’s price target on Crown Castle (CCI) to $110 from $124 and keeps a Buy rating on the shares. The firm cut targets for the towers after removing leasing revenue from EchoStar and contributions to future growth beginning in 2026. Citi sees “significant uncertainty” over how EchoStar will handle future payments.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CCI:
- Crown Castle upgraded to Outperform at RBC Capital on its ‘tower-only focus’
- Crown Castle upgraded to Outperform from Sector Perform at RBC Capital
- Wolfe upgrades Crown Castle on opportunity from EchoStar concerns
- Crown Castle upgraded to Outperform from Peer Perform at Wolfe Research
- Crown Castle price target lowered to $120 from $125 at KeyBanc