{
  "id": 15613109,
  "title": "BMO cuts Crown Castle stock price target on rate outlook",
  "url": "https://urgent.news/2026/10/19/bmo-cuts-crown-castle-stock-price-target-on-rate-outlook",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-19T14:32:47.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/bmo-cuts-crown-castle-stock-price-target-on-rate-outlook-93CH-4957954"
  },
  "original_language": "en",
  "account": "BMO Capital has reduced its price target for Crown Castle shares to $93 from $95 and kept an Outperform rating. The share price of $81.28 now falls below the new target set by the firm. The reason cited by BMO for the lowered price target is the expectation of higher interest rates. Analysts at BMO foresee Crown Castle delivering above-average sector growth in 2026 and 2027. The analyst mentioned that the stock is trading at a valuation of 16.3 times 2027 adjusted Funds From Operations per share. Crown Castle offers a dividend yield of 5.17% and has consistently paid dividends for 13 years. However, InvestingPro analysis indicates that the stock may be overvalued compared to its Fair Value estimate. Investors can explore further insights by accessing Crown Castle’s detailed Pro Research Report, which is among 1,400+ reports available for US equities. BMO’s projections for third quarter 2026, full year 2026, and 2027 adjusted funds from operations per share are $1.22, $4.60, and $5.01 respectively, which are slightly above the consensus estimates of $1.21, $4.59, and $5.00. The firm forecasts a decline in tower organic site rental growth for the third quarter and full year of 2026, but anticipates positive growth in 2027. BMO Capital considers Crown Castle the top pick among U.S. tower pure plays in the sector. In related news, Crown Castle is scheduled to release its earnings report on October 21, with analysts predicting a 3.5% movement in the stock price based on options data. This follows a pattern where the stock has surpassed options-implied movements in half of its past eight earnings announcements. Additionally, JPMorgan has downgraded Crown Castle to Underweight, citing weak tower activity and a price target of $80, expecting modest organic tower revenue growth of 3.0% over the next few years due to low leasing activity and churn rates. On the other hand, Barclays has upgraded Crown Castle to Overweight, with a price target of $84, highlighting potential benefits for tower companies from SpaceX's wireless network plans and concerns of satellite competition. Bank of America also noted that Starlink’s interest in terrestrial networks could favor tower companies, including Crown Castle, by necessitating expanded spectrum holdings and infrastructure development.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}