Michael Funk, an analyst from Bank of America Securities, reiterated the Buy rating on Crown Castle. The associated price target remains the same with $115.00.
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Michael Funk has given his Buy rating due to a combination of factors that highlight Crown Castle’s strong financial performance and strategic positioning. The company’s second-quarter results exceeded expectations, driven by cost optimizations and increased revenue from carrier activities. This positive performance led to an upward revision in Crown Castle’s 2025 financial guidance, indicating a promising outlook.
Additionally, the company’s focus on reducing SG&A costs and its strategic shift to a domestic-only tower business post-fiber divestiture contribute to its favorable valuation. The anticipated stability from limited Sprint-related churn and the protection offered by its Master Lease Agreement structure further support the Buy rating. Michael Funk’s price objective of $115 reflects a premium valuation, justified by these strategic advantages and the company’s resilience in the current market environment.
CCI’s price has also changed moderately for the past six months – from $88.640 to $109.730, which is a 23.79% increase.