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BMO Capital Maintains Crown Castle(CCI.US) With Hold Rating, Raises Target Price to $115

Futu News ·  Oct 21 21:31  · Ratings

BMO Capital analyst Ari Klein maintains $Crown Castle (CCI.US)$ with a hold rating, and adjusts the target price from $108 to $115.

According to TipRanks data, the analyst has a success rate of 62.1% and a total average return of 6.6% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $Crown Castle (CCI.US)$'s main analysts recently are as follows:

  • The adjustment of models for Crown Castle is influenced by changes in interest rates, recent outcomes, and dialogues with company management, as highlighted in a broader note on REITs.

  • Crown Castle's recent quarterly report was relatively straightforward, with no significant new information regarding the timing or framework of the company's strategic review. It is believed that a sale of the fiber or small cell segment is the probable course of action; however, provisions are being made in the event that Crown Castle decides to keep this segment.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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