Citi lowered the firm’s price target on SBA Communications (SBAC) to $235 from $265 and keeps a Buy rating on the shares. The firm cut targets for the towers after removing leasing revenue from EchoStar and contributions to future growth beginning in 2026. Citi sees “significant uncertainty” over how EchoStar will handle future payments.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SBAC:
- SBA Communications price target lowered to $275 from $285 at UBS
- SBA Communications price target lowered to $235 from $280 at KeyBanc
- SBA Communications price target lowered to $226 from $257 at Barclays
- MongoDB reports Q2 beat, Sompo to acquire Aspen Insurance: Morning Buzz
- Micron initiated, Eli Lilly upgraded: Wall Street’s top analyst calls