Scotiabank lowered the firm’s price target on Crown Castle (CCI) to $94 from $96 and keeps a Sector Perform rating on the shares. The company’s Q4 results were in line with expectation, but guidance for FY26 was lower than anticipated, the analyst tells investors. The firm is lowering its target on the stock due to lower buybacks, reduced organic growth, and a decreased AFFO run rate.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CCI:
- Crown Castle price target lowered to $95 from $110 at JPMorgan
- Crown Castle price target lowered to $90 from $105 at Wells Fargo
- Crown Castle price target lowered to $105 from $116 at UBS
- Crown Castle price target lowered to $98 from $115 at KeyBanc
- Crown Castle price target lowered to $91 from $97 at BMO Capital