SBA Communications downgraded to Hold from Buy at Deutsche Bank

Deutsche Bank downgraded SBA Communications (SBAC) to Hold from Buy with a price target of $247, up from $233. The firm cites the prospects of muted near-term growth and “higher for longer” interest rates, even though it remains constructive on the REIT’s longer-term prospects as well as the management’s recent efforts to enhance its portfolio mix and balance sheet position, the analyst tells investors in a research note.