TD Cowen analyst Gregory Williams lowered the firm’s price target on SBA Communications to $253 from $266 and keeps a Buy rating on the shares. The firm said they reported downside 1Q24 results and lowered its 2024 guide due largely to FX. Management commentary suggests a U.S. carrier activity improvement although it remains to be seen if this will drive improved 2025 U.S. new leasing activity.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SBAC:
- SBAC Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- SBA Communications (NASDAQ:SBAC): A Compelling Tower REIT Stock with Analysts’ Backing
- SBA Communications price target lowered to $255 from $260 at Barclays
- ‘Time to Hit Buy,’ Says Bank of America About These 3 Stocks
- SBA Communications upgraded to Buy from Neutral at BofA
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue