Goldman Sachs Downgrades Crown Castle (CCI) to Neutral

March 14, 2012 7:08 AM EDT
Get Alerts CCI Hot Sheet
Price: $87.06 --0%

Rating Summary:
    12 Buy, 11 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 3 | Down: 5 | New: 5
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Goldman Sachs downgraded Crown Castle (NYSE: CCI) from Conviction Buy to Neutral with a price target of $59.

The firm cited the strong performance of the stock and now only 7% upside to their unchanged 12-month price target.

Goldman remains positive on the Tower stocks and American Tower (NYSE: AMT) remains Conviction Buy List rated.

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 $53.98 yesterday.

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