Truist upgraded SBA Communications (SBAC) to Buy from Hold with a price target of $247, up from $193, which offers 16% upside. The firm sees “multiple paths to upside” in the shares. These include a potential sale of the company and “positive inflections” in funds from operations next year. SBA’s churn abates in 2027 and its debt refinance headwinds will moderate, the analyst tells investors in a research note. With or without a takeover, Truist sees upside in the shares.
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