Raymond James analyst Ric Prentiss raised the firm’s price target on Crown Castle to $153 from $143 and keeps an Outperform rating on the shares. After Crown Castle gave disappointing initial 2023 guidance for colocations/amendments, Prentiss believes some U.S. carrier leasing growth is shifting from to rivals after Crown Castle led the industry in gross U.S. organic tower growth the past 2 years, the analyst tells investors in a research note. The analyst still sees upside in Crown Castle and all three U.S. tower stocks, especially if rates continue to stabilize.
Published first on TheFly
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