Morgan Stanley Maintains Overweight on Crown Castle, Lowers Price Target to $113
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simon Flannery has maintained an Overweight rating on Crown Castle (NYSE:CCI) but lowered the price target from $151 to $113.
October 16, 2023 | 12:33 pm
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Crown Castle's price target has been lowered by Morgan Stanley from $151 to $113, though the Overweight rating is maintained.
The lowering of the price target by a major financial institution like Morgan Stanley could negatively impact the stock price of Crown Castle in the short term. However, the maintained Overweight rating indicates that the analyst still sees potential in the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100