Citi lowered the firm’s price target on Crown Castle to $122 from $126 and keeps a Buy rating on the shares. Crown reported relatively in-line Q3, provided a mixed 2024 outlook and announced a CFO search, the analyst tells investors in a research note. The firm cites valuation and room to improve growth and returns for the company’s fiber segment for the Buy rating.
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Read More on CCI:
- Crown Castle says ‘not going to be issuing equity, even under the ATM’
- Crown Castle sees FY24 adjusted FFO $6.91, consensus $7.21
- Crown Castle backs FY23 AFFO view $7.54, consensus $7.53
- Crown Castle reports Q3 AFFO $1.77, consensus $1.79
- Crown Castle Reports Third Quarter 2023 Results and Provides Outlook for Full Year 2024
