UBS raised its 12-month price target for tower company Crown...
UBS raised its 12-month price target for tower company Crown Castle to $59 from $51, citing site rental revenue and earnings growth and 20 percent annual growth in U.S. wireless capital expenditures. “We continue to believe the U.S. tower companies…
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are well positioned to benefit from industry trends, 4G deployment by new and existing carriers, increased data usage and potential spectrum auctions,” UBS said.