TD Cowen analyst Gregory Williams raised the firm’s price target on SBA Communications (SBAC) to $261 from $251 and keeps a Buy rating on the shares. The firm said they reported mixed 3Q24 results, raised its 2024 guidance, and raised 2024 international net organic revenue growth guidance while also acquiring towers from Millicom (TIGO) for $975M.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SBAC:
- Millicom, SBA Communications agree to long-term partnership in Central America
- SBA Communications reports Q3 AFFO $3.32, consensus $3.32
- SBA Communications raises FY24 AFFO view to $13.20-$13.45 from $13.06-$13.43
- SBAC Upcoming Earnings Report: What to Expect?
- SBA Communications price target raised to $280 from $230 at KeyBanc