Canaccord Genuity Maintains a 'Buy' on SBA Communications (SBAC); Raising PT and Estimates
Tweet
Share
E-mailGet Alerts SBAC Hot Sheet
Price: $195.93 -0.01%
Rating Summary:
23 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
23 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Join SI Premium – FREE
Canaccord Genuity maintains a 'Buy' on SBA Communications (NASDAQ: SBAC) price target raised from $56 to $60.
Analyst, Greg Miller, said, "Following the Q1/12 conference call, we are increasing our price target on SBA Communications to $60 to reflect the changes to our forward estimates and outlook for the company. With the acquisition of Mobilitie now behind and with a strong tailwind for the balance of the year from the increased activity of the four largest wireless carriers, we believe 2012 will be one of the better years on record for the US tower stocks."
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 $54.33 yesterday.
Analyst, Greg Miller, said, "Following the Q1/12 conference call, we are increasing our price target on SBA Communications to $60 to reflect the changes to our forward estimates and outlook for the company. With the acquisition of Mobilitie now behind and with a strong tailwind for the balance of the year from the increased activity of the four largest wireless carriers, we believe 2012 will be one of the better years on record for the US tower stocks."
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 $54.33 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- HSBC Downgrades Feng Tay Enterprises (9910:TT) to Hold
- TD Cowen Resumes EQT Corp. (EQT) at Hold
- Yageo Corp. (2327:TT) (YAGOY) PT Lowered to NT$656 at HSBC
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
