Canaccord Genuity Maintains a 'Buy' on Crown Castle (CCI); Benefit the Most from Strong Secular Tailwinds

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Canaccord Genuity maintains a 'Buy' on Crown Castle (NYSE: CCI) price target of $67.00 (from $63.00).

Analyst, Greg Miller, said, "Following another beat-and-raise quarter on the heel of signing a much anticipated MLA with T-Mobile USA, we are increasing our price target. With all four national carriers aggressively upgrading their networks at the same time, we believe CCI will benefit the most from strong secular tailwinds in the US. Organic growth and accretive acquisitions will lead to additional upside to estimates and the share price, in our view."

For an analyst ratings summary and ratings history on Crown Castle click here. For more ratings news on Crown Castle click here.

Shares of Crown Castle closed at $60.69 yesterday, with a 52 week range of $37.53-$62.95.

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