Morgan Stanley raised the firm’s price target on SBA Communications (SBAC) to $225 from $215 and keeps an Equal Weight rating on the shares. Shares are up 25% after unconfirmed reports that the company is exploring strategic alternatives, including a potential sale, notes the analyst, who continues to prefer Overweight-rated American Tower (AMT).
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- SBA Communications price target raised to $220 from $195 at Wells Fargo
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