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Fly News Breaks for October 21, 2016
CCI
Oct 21, 2016 | 07:58 EDT
SunTrust analyst Greg Miller says that Crown Castle reported "strong," better than expected Q3 results. However, noting that the company's 2017 guidance came in below expectations, the analyst expects the stock to fall today. But Miller thinks that the guidance is conservative, although he says that he will wait until after the company's conference call this morning before deciding how conservative its outlook is. The analyst notes that Crown Castle's AFFO guidance, which reconciles noncash items, was "basically in-line" with expectations. Miller keeps a $107 price target and Buy rating on the stock.