Crown Castle price targets cut to $95 and $105 as shares hit 52-week low
JPMorgan reduced Crown Castle’s price target to $95 from $110 and UBS lowered its target to $105 from $116 in separate analyst actions. Following the cuts, shares fell as low as $78.26, marking a new 52-week intraday low.
1. Analyst Price Target Cuts
JPMorgan analysts lowered their 12-month price target on Crown Castle from $110 to $95, citing valuation concerns, while UBS cut its target from $116 to $105 but maintained a buy rating. These downward revisions reflect growing scrutiny of the REIT’s leverage and growth outlook in a rising interest rate environment.
2. Stock Performance and 52-Week Low
Following the consecutive price-target cuts, Crown Castle shares traded down sharply, touching an intraday low of $78.26 before settling around $81.11. This represents the lowest level the stock has seen in 52 weeks, underlining intensified selling pressure after the analyst actions.