KeyBanc analyst Brandon Nispel raised the firm’s price target on SBA Communications to $276 from $251 and keeps an Overweight rating on the shares. The firm cites valuation, derisked 2024 leasing expectations, favorable long-term ROIC characteristics, and refinancing headwind in 2025 becoming less of a drag.
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Read More on SBAC:
- SBA Communications (NASDAQ:SBAC): A Pinnacle Performer in the REIT Realm
- SBA Communications sees FY23 AFFO $12.91-$13.13, consensus $12.91
- SBA Communications reports Q3 AFFO $3.34, consensus $3.23
- Is SBAC a Buy, Before Earnings?
- SBA Communications price target lowered to $251 from $296 at Barclays
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