RBC Capital raised the firm’s price target on Crown Castle (CCI) to $112 from $107 and keeps a Sector Perform rating on the shares after its Q1 FFO beat. The firm has updated estimates to reflect greater cost efficiencies through 2025 and 2026, and Crown Castle should be in a position to operate with a leaner cost structure following small cells and fiber solutions businesses deal closure, the analyst tells investors in a research note.
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