SBA Communications price target lowered to $240 from $254 at Barclays

Barclays analyst Brendan Lynch lowered the firm’s price target on SBA Communications (SBAC) to $240 from $254 and keeps an Overweight rating on the shares ahead of the earnings report. The firm reduced 2025 estimates on near term headwinds, including Sprint churn, international churn, currency moves, and rising interest expense. These will limit SBA’s 2025 growth potential, the analyst tells investors in a research note. However, Barclays thinks the “muted outlook” is already reflected in the shares.