Wells Fargo Upgrades Crown Castle to Equal-Weight, Raises Price Target to $115
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Eric Luebchow upgraded Crown Castle (NYSE:CCI) from Underweight to Equal-Weight and increased the price target from $90 to $115.
December 05, 2023 | 12:18 pm
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POSITIVE IMPACT
Crown Castle's stock rating was upgraded by Wells Fargo from Underweight to Equal-Weight, with a raised price target from $90 to $115.
Upgrades by analysts typically lead to a positive short-term reaction in the stock market as they suggest improved performance or outlook for the company. The increase in price target further implies a belief in the company's potential for growth or undervaluation at previous levels.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100