BMO Capital raised the firm’s price target on Crown Castle to $95 from $85 and keeps an Underperform rating on the shares. Crown Castle’s 2024 organic growth outlook was a bit better than expected, but company-specific headwinds are weighing including rising capital intensity and leverage and its AFFO per share outlook of an 8.4% y/y decline at the midpoint disappointed, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on CCI:
- Crown Castle price target lowered to $111 from $116 at Barclays
- Crown Castle to Present at the Morgan Stanley 2023 European Technology, Media & Telecom Conference
- Crown Castle price target lowered to $90 from $100 at Wells Fargo
- Crown Castle price target lowered to $121 from $141 at TD Cowen
- Crown Castle price target lowered to $122 from $126 at Citi
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue