Scotiabank analyst Maher Yaghi lowered the firm’s price target on Crown Castle (CCI) to $99 from $102 and keeps a Sector Perform rating on the shares. The firm expects the company’s tower organic growth momentum to continue into FY25, but does not anticipate a pickup in site rental revenues until 2026 given the expected sprint cancellations, the analyst tells investors.
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Read More on CCI:
- Crown Castle’s Strategic Shift and Financial Outlook: Buy Rating Affirmed Amidst Fiber Asset Sale and Share Buyback
- Crown Castle price target raised to $108 from $106 at Citi
- Crown Castle upgraded to Strong Buy from Outperform at Raymond James
- Crown Castle upgraded to Overweight from Sector Weight at KeyBanc
- Crown Castle Shifts Focus to U.S. Towers with Fiber Sale
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