Crown Castle International’s target stock price is $63 per share,...
Crown Castle International’s target stock price is $63 per share, up from $54 per share, Benchmark Capital said. Crown’s opportunities will increase as AT&T and Verizon continue to roll out 4G networks, the firm said. Sprint Nextel had more aggressive…
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network growth, which drove performance for CCI because of its ownership of 6,600 towers originally built by Sprint. T-Mobile has increased network activity this year, and Clearwire will “likely show a minor uptick and modest network enhancement,” Benchmark said. The analyst expects CCI to top its current 2012 guidance. “Including acquisitions, we estimate $1.43 billion, and believe organic upside is likely,” it said.