Market Overview

UPDATE: Nomura Initiates Crown Castle International at Buy on Fiscal Focus

Related CCI
Why This REIT Just Hit An All-Time High (Hint: The Answer's In Nigeria)
AK Steel, Southern Copper And Others Insiders Have Been Buying

Nomura initiated coverage on Crown Castle International (NYSE: CCI) with a Buy rating and a $75 price target.

Nomura said, "Crown Castle is the largest U.S. tower company with over 30k tower assets. We view Crown Castle as a fiscally focused tower company, weighing any tower acquisition against ”buying its own towers” through share repurchases. We believe the company will remain primarily a domestic company in the near term. We expect the company will continue to be an aggressive acquirer ahead of a potential 2016 REIT conversion, when the remaining $2.5bn of net operating losses are fully utilized."

Crown Castle International closed at $64.73 on Wednesday.

Latest Ratings for CCI

DateFirmActionFromTo
Dec 2014Raymond JamesDowngradesOutperformMarket Perform
Nov 2014JP MorganMaintainsNeutral
Nov 2014MacquarieMaintainsOutperform

View More Analyst Ratings for CCI
View the Latest Analyst Ratings

Posted-In: NomuraAnalyst Color Initiation Intraday Update Analyst Ratings

 

Related Articles (CCI)

Around the Web, We're Loving...

Get Benzinga's Newsletters