Wells Fargo raised the firm’s price target on SBA Communications (SBAC) to $225 from $210 and keeps an Equal Weight rating on the shares. The firm notes the company reported a mixed guide overall, as suspected, but some encouraging signs on T-Mobile (TMUS) colo bookings translating into better billings in late 2025 and 2026, which should improve organic growth and AFFO/share growth into 2026.
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