RBC Capital analyst Jonathan Atkin raised the firm’s price target on Crown Castle (CCI) to $109 from $104 and keeps a Sector Perform rating on the shares. Crown Castle posted a solid quarter, with management cancelling less economically attractive small cells in order to focus on execution and incremental returns, the analyst tells investors in a research note. The firm sees a potentially favorable set-up for the shares pending the outcome of the strategic review.
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