Citi analyst Michael Rollins raised the firm’s price target on Crown Castle (CCI) to $124 from $108 and keeps a Buy rating on the shares. Crown Castle reported favorable Q1 results with disclosures presenting its operations as a pure-play domestic tower company, the analyst tells investors in a research note. The firm believes the company is tracking towards its future post-sale targets for net debt leverage and funds from operations that should support incremental value.
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