UBS lowered the firm’s price target on Crown Castle (CCI) to $105 from $116 and keeps a Buy rating on the shares. The Dish impact was higher than expected, but the firm’s estimates are now reset with potential upside as cost and interest savings flow through, the analyst tells investors in a research note.
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Read More on CCI:
- Crown Castle price target lowered to $98 from $115 at KeyBanc
- Crown Castle price target lowered to $91 from $97 at BMO Capital
- Crown Castle: Buy Rating Reaffirmed on Solid Operations, Portfolio Streamlining, and Long-Term Upside Despite Near-Term Guidance Reset
- Crown Castle Launches Major Restructuring and Cost-Saving Plan
- Crown Castle reports Q4 adjusted FFO $1.12, consensus $1.07