Citi analyst Michael Rollins lowered the firm’s price target on Crown Castle to $138 from $162 and keeps a Buy rating on the shares. The company reported solid Q2 headline results, but lowered the outlook for site leasing activity and a more significant slowdown in services, citing slower carrier activity during the the second half of 2023, the analyst tells investors in a research note. The firm believes the shares may trade lower near term.
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