KeyBanc, UBS, and Scotiabank Lower Crown Castle (CCI) Price Targets

Crown Castle Inc. (NYSE:CCI) is one of the 12 Best 5G Stocks to Invest in According to Hedge Funds. On January 21, KeyBanc Capital Markets lowered its price target on Crown Castle Inc. (NYSE:CCI) from $120 to $115 and kept its Overweight rating. This update comes after the company reported that DISH Wireless has defaulted on its payment obligations. As a result, KeyBanc removed all DISH-related leasing from its forecasts.

The research firm cut $12 million in expected leasing from its 2026 estimates for Crown Castle Inc. (NYSE:CCI) and added $200 million in churn to its 2027 estimates to reflect the DISH default’s expected impact.

Despite this reduction in the price target, KeyBanc pointed out that Crown Castle Inc. (NYSE:CCI) is still one of its “favorite ideas.” The firm also noted that it is not including any possible payments DISH may owe the company under the master lease agreements, which it believes will ultimately be decided by the courts.

In other news, on January 20, UBS reduced its price target on Crown Castle Inc. (NYSE:CCI) from $127 to $116 and maintained its Buy rating.

Earlier, on January 14, Scotiabank also cut its price target on Crown Castle Inc. (NYSE:CCI) from $114 to $96 and maintained a Sector Perform rating.

Crown Castle Inc. (NYSE:CCI) is a real estate investment trust (REIT) and provider of shared communications infrastructure in the US. The company owns and leases over 40,000 cell towers and about 90,000 route miles of fiber, supporting small cells and fiber solutions across major US markets and enabling essential data, technology, and wireless services.

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Disclosure: None. This article is originally published at Insider Monkey.