B of A Securities Downgrades Crown Castle to Neutral, Announces $115 Price Target
Portfolio Pulse from richadhand@benzinga.com
B of A Securities analyst David Barden has downgraded Crown Castle (NYSE:CCI) from Buy to Neutral and set a price target of $115.
August 10, 2023 | 12:29 pm
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Crown Castle's stock has been downgraded from Buy to Neutral by B of A Securities, with a new price target of $115.
The downgrade from Buy to Neutral by B of A Securities indicates a less optimistic outlook for Crown Castle's stock. This could potentially lead to a decrease in demand for the stock, and subsequently, a decrease in its price. The new price target of $115 also provides a benchmark that the market may adjust towards.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100