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.
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