SBA Communications (SBAC) PT Lowered to $253 at TD Cowen

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Go back to SBA Communications (SBAC) PT Lowered to $253 at TD Cowen

SBA Communications (SBAC) PT Lowered to $230 at Deutsche Bank

May 2, 2024 5:29 AM EDT

Deutsche Bank analyst Matthew Niknam lowered the price target on SBA Communications (NASDAQ: SBAC) to $230.00 (from $245.00) while maintaining a Buy rating.

The analyst comments "We believe currently discounted valuation (14.7x 2025E P/AFFO) fairly reflects the lack of inherent near-term AFFO/share growth (DBe:... More