Oppenheimer Boosts Price Target on Crown Castle (CCI)
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Price: $75.98 +0.33%
Rating Summary:
14 Buy, 21 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
14 Buy, 21 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Oppenheimer raised its price target on Outperform-rated Crown Castle (NYSE: CCI) from $52 to $62 on the underlying bullish take on the tower space.
"The company (and AMT) are benefiting from wireless consolidation being pushed back at least this year, and from the resumption/start of incremental 4G buildouts," the analyst comments. " In addition, the company appears relatively inexpensive when looked at by REIT standards."
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 $53.03 yesterday.
"The company (and AMT) are benefiting from wireless consolidation being pushed back at least this year, and from the resumption/start of incremental 4G buildouts," the analyst comments. " In addition, the company appears relatively inexpensive when looked at by REIT standards."
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 $53.03 yesterday.
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