RBC Capital analyst Jonathan Atkin raised the firm’s price target on Crown Castle to $109 from $92 and keeps a Sector Perform rating on the shares. The firm is updating its model to reflect the company’s Q4 results that were highlighted by in-line earnings and favorable small cell/fiber revenues vs. expectations, the analyst tells investors in a research note. The company has also unwound some earlier management/operational changes as it reviews the fiber/small-cell segment, the firm added.
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Read More on CCI:
- Crown Castle Reiterates Actions Underway to Enhance and Unlock Shareholder Value
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- Crown Castle price target lowered to $130 from $140 at Argus
