Raymond James analyst Ric Prentiss lowered the firm’s price target on Crown Castle to $128 from $147 and keeps an Outperform rating on the shares following the Q2 results. While a slowdown in carrier spending brought Services Gross Profit guidance down $90M to $120-150M, the firm continues to see an attractive risk-reward in all three tower stocks, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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>>
See today’s best-performing stocks on TipRanks >>
Read More on CCI:
- Crown Castle Declares Quarterly Common Stock Dividend
- Crown Castle price target lowered to $106 from $113 at BMO Capital
- Crown Castle price target lowered to $110 from $115 at Wells Fargo
- Crown Castle price target lowered to C$106 from C$113 at BMO Capital
- Crown Castle price target lowered to $138 from $162 at Citi