RBC Capital lowered the firm’s price target on SBA Communications to $320 from $330 but keeps an Outperform rating on the shares. The company’s Q4 results were solid with better-than-expected international result, but the price target cut on the stock reflects the firm’s updated operating and financing assumptions, the analyst tells investors in a research note. Longer term, the firm maintains that tower operators are poised for robust site-leasing on strong overall contributions from national carriers.
Published first on TheFly
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