SBA Communications (SBAC) PT Raised to $141 at Cowen; 'Good 1Q17 Results, Slightly Raises 2017 Guidance'
Cowen raised its price target on SBA Communications (NASDAQ: SBAC) to $141.00 (from $131.00) while maintaining a Outperform rating, following the company's first quarter earnings results.
Analyst Colby Syneasael notes the company posted positive first quarter results, delivering revenue and EPS above consensus, fueled by international and site development, while management raised full year 2017 guidance.