Barclays analyst Brendan Lynch lowered the firm’s price target on SBA Communications to $330 from $336 and keeps an Overweight rating on the shares post the Q4 results. Domestic new leasing activity was the strongest since Q3 of 2019, reflecting steady carrier activity, the analyst tells investors in a research note. The firm expects the 5G rollout to remain strong for several more years.
Published first on TheFly
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