TD Cowen lowered the firm’s price target on SBA Communications to $327 from $329 and keeps an Outperform rating on the shares. The firm said they reported upside results and raised US New Leasing guidance; however the guide-up was entirely on a new AT&T MLA as overall carrier activity declined and will continue to do so into 2024.
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- SBA Communications price target lowered to $296 from $306 at Barclays
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