Wells Fargo Remains a Buy on Crown Castle (CCI)
In a report released today, Eric Luebchow from Wells Fargo maintained a Buy rating on Crown Castle, with a price target of $90.00.
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According to TipRanks, Luebchow is a 4-star analyst with an average return of 8.1% and a 52.19% success rate. Luebchow covers the Real Estate sector, focusing on stocks such as Crown Castle, American Tower, and Iron Mountain.
In addition to Wells Fargo, Crown Castle also received a Buy from UBS’s Batya Levi in a report issued today. However, on the same day, J.P. Morgan maintained a Hold rating on Crown Castle (NYSE: CCI).
Based on Crown Castle’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.07 billion and a net profit of $323 million. In comparison, last year the company earned a revenue of $1.65 billion and had a net profit of $303 million
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- Crown Castle price target lowered to $90 from $105 at Wells Fargo
- Crown Castle price target lowered to $105 from $116 at UBS
- Crown Castle price target lowered to $98 from $115 at KeyBanc
- Crown Castle price target lowered to $91 from $97 at BMO Capital
- Crown Castle: Buy Rating Reaffirmed on Solid Operations, Portfolio Streamlining, and Long-Term Upside Despite Near-Term Guidance Reset
