Crown Castle Downgraded to Equal-Weight by Barclays, Price Target Reduced to $101

Barclays downgrades Crown Castle (CCI) from Overweight to Equal-Weight and lowers the price target from $104.00 to $101.00. This adjustment reflects shifting perspectives on the company amid recent changes in analyst ratings. Crown Castle owns or manages 40,000 wireless towers in the US, with a concentrated customer base of Big Three US mobile carriers. The average one-year price target for CCI is $114.38, implying an upside of 25.30% from the current price of $91.28.