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SBA Communications price target raised to $247 from $244 at Barclays

Barclays analyst Brendan Lynch raised the firm’s price target on SBA Communications (SBAC) to $247 from $244 and keeps an Overweight rating on the shares. The company reported “mixed” Q1 results as revenue and EBITDA missed consensus expectations but adjusted funds from operations beat, the analyst tells investors in a research note. The firm says SBA raised its 2025 outlook and management commentary reflects modestly improving growth dynamics.

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