Deutsche Bank Lifts PTs on SBA Comm (SBAC) and tw telecom (TWTC)

October 16, 2012 12:29 PM EDT Send to a Friend
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Price: $124.59 -0.68%

Rating Summary:
    15 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Deutsche Bank boosted its price target on Buy-rated SBA Communications (NASDAQ: SBAC) from $72 to $73 and on tw telecom (NASDAQ: TWTC) from $26 to $31.

According to the firm, Q3 results will reflect: 1) renewed focus on handset subsidy impacts following the iPhone 5 launch, (2) continued strength in wireless ARPU and service revenue growth due to rising smartphone penetration and the positive impact of tiered data pricing, (3) extensive Q&A on the impact of wireless consolidation, and (4) strong demand for Internet infrastructure including towers and data centers.

For an analyst ratings summary and ratings history on SBA Communications click here. For more ratings news on SBA Communications click here.

Shares of SBA Communications closed at $66.23 yesterday.

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