Boston Omaha price target lowered to $25 from $28 at Wells Fargo

Wells Fargo lowered the firm’s price target on Boston Omaha to $25 from $28 and keeps an Overweight rating on the shares. Though the firm raised its FY23 and FY24 revenue and EBITDA estimates after a “strong” Q2, it reduced its sum-of-the-parts valuation of the broadband business, leading to a lower price target.