SBA Communications (SBAC) Tops Q2 FFO by 6c

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SBA Communications (SBAC) PT Raised to $159 at Jefferies Following 2Q

August 1, 2017 7:58 AM EDT

Jefferies raised its price target on SBA Communications (NASDAQ: SBAC) to $159.00 (from $150.00) while maintaining a Buy rating following the company's 2Q. Site leasing revenue of $403.0mn was slightly ahead of Street estimates, even adjusting for ~$0.4mn of F/X benefit. AFFO per share of $1.73... More