RBC Capital Downgrades Crown Castle to Sector Perform, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Jonathan Atkin has downgraded Crown Castle (NYSE:CCI) from Outperform to Sector Perform and lowered the price target from $125 to $100.
October 16, 2023 | 2:26 pm
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Crown Castle's rating has been downgraded by RBC Capital, with a lowered price target from $125 to $100.
The downgrade from Outperform to Sector Perform by RBC Capital indicates a less optimistic outlook for Crown Castle. The lowered price target from $125 to $100 also suggests that the analyst believes the stock is overvalued at current levels. This could potentially lead to a decrease in the stock's price in the short term.
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IMPORTANCE 80
RELEVANCE 100