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Crown Castle price target lowered to $99 from $102 at Scotiabank

Scotiabank analyst Maher Yaghi lowered the firm’s price target on Crown Castle (CCI) to $99 from $102 and keeps a Sector Perform rating on the shares. The firm expects the company’s tower organic growth momentum to continue into FY25, but does not anticipate a pickup in site rental revenues until 2026 given the expected sprint cancellations, the analyst tells investors.

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