Cowen analyst Gregory William lowered the firm’s price target on SBA Communications to $328 from $341 and keeps an Outperform rating on the shares. The analyst said the guide is set for modest beat/raises where we previewed that muted new leasing guidance would provide a clearing event as we are bullish on balance sheet fortification and buybacks during the M&A pause, outsized dividend growth, and expect durable 5G-driven LT organic growth.
Published first on TheFly
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- SBA Communications price target lowered to $330 from $346 at Credit Suisse
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- SBA Communications price target lowered to $330 from $336 at Barclays
- SBA Communications CEO Jeff Stoops to retire at year-end
- SBA Communications sees FY23 AFFO $12.46-$12.83, consensus $12.75
