BofA upgraded SBA Communications to Buy from Neutral with a $260 price target. The firm believes there is “inevitable upside” to domestic carrier macro tower activity to meet growing customer demand and sees a rising chance of accelerating buybacks with leverage well below the company’s target range, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on SBAC:
- SBAC Stock: Ignore Site Development Issues; Look at Site Leasing
- SBA Communications price target lowered to $260 from $265 at Barclays
- SBA Communications files automatic mixed securities shelf
- SBA Communications price target lowered to $265 from $285 at BMO Capital
- SBA Communications price target lowered to $266 from $343 at TD Cowen
