Crown Castle: A Buy With $140 Price Target After Solid Quarter
Portfolio Pulse from
Crown Castle Inc. is rated a Buy following strong 4Q24 earnings and a strategic focus on its Tower segment. The company plans to sell its Fiber segment by 2026 to simplify operations, reduce debt, and fund share repurchases and dividends. Despite a dividend cut, the stock remains attractive with a 4.24% yield.
March 16, 2025 | 10:00 pm
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Crown Castle Inc. is rated a Buy with a $140 price target after strong 4Q24 earnings. The company is refocusing on its Tower segment and plans to sell its Fiber segment by 2026 to simplify operations, reduce debt, and fund share repurchases and dividends.
Crown Castle's strong earnings and strategic refocus on its core Tower segment, along with plans to sell its Fiber segment, are positive indicators. The sale will simplify operations and reduce debt, while the dividend yield remains attractive despite a cut.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100