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SBA Communications price target lowered to $241 from $255 at Barclays

Barclays lowered the firm’s price target on SBA Communications to $241 from $255 and keeps an Overweight rating on the shares. the company’s’ Q1 results missed consensus expectations, but investors had been anticipating a weak quarter, the analyst tells investors in a research note. The firm says that while a meaningful uptick in demand still seems far off, this may already be reflected in the stock.

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