KeyBanc raised the firm’s price target on Crown Castle (CCI) to $122 from $120 and keeps an Overweight rating on the shares. The firm notes Q1 results were above expectations despite the concerns around management changes, which do not matter for the near-term performance of the business, in its view. KeyBanc expects to see Crown Castle come in at or above the high end of guidance in 2025 for adjusted EBITDA and AFFO/share based on year-to-date performance.
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Read More on CCI:
- Crown Castle price target raised to $125 from $115 at Citizens JMP
- Crown Castle’s Strategic Transition and Uncertain Outlook Justify Hold Rating
- Crown Castle Reports Q1 2025 Results Amid Fiber Sale
- Crown Castle Reports Q1 2025 Results, Maintains Outlook
- Crown Castle sees FY25 adjusted FFO $4.06-$4.17, consensus $4.47