SBA Communications price target lowered to $233 from $252 at Scotiabank

Scotiabank lowered the firm’s price target on SBA Communications (SBAC) to $233 from $252 and keeps a Sector Perform rating on the shares. The firm is updating its price target on U.S. Real Estate & REITs under its coverage ahead of the Q4 earnings season, the analyst tells investors. The firm sees Self Storage and Multifamily as two subsectors where buyside sentiment getting more positive, believing both are unlikely to disappoint on FY26 guidance.