Benchmark Maintains Buy on Crown Castle International (CCI)

Benchmark is out with its report today on Crown Castle International

, maintaining Buy. In a note to clients, Benchmark writes, "Crown Castle reported sustained growth in 1Q11 and left its 2011 guidance unchanged. CCI has begun to buyback its stock. Tower trends remain solid with likelihood for increased demand in 2012. CCI is relatively well positioned, focused on the US market, which should enjoy solid 8% or better growth and low risk. We maintain our $54 per share target and Buy rating." Shares of CCI closed Wednesday at $44.45, up 1.53% from Tuesday's close.