BMO Capital analyst Ari Klein downgraded SBA Communications (SBAC) to Market Perform from Outperform with a price target of $230, down from $260. While 2025 should see some improvement in the carrier spending backdrop, BMO expects SBA’s full-year leasing to largely resemble 2024, the analyst tells investors in a research note. The firm says Sprint-related churn will remain a headwind in 2025and 2026, and the recent weakness in Brazil’s Real adds another headwind with meaningful funds from operations share growth unlikely until 2027. While SBA’s valuation is attractive, its growth remains depressed with few near-term catalysts on the horizon, contends BMO.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SBAC:
- SBA Communications price target raised to $257 from $256 at Barclays
- SBA Communications management to meet with KeyBanc
- SBA Communications price target raised to $300 from $285 at Raymond James
- SBA Communications price target raised to $261 from $251 at TD Cowen
- Millicom, SBA Communications agree to long-term partnership in Central America