Citigroup Maintains Buy on SBA Comms, Lowers Price Target to $260
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Michael Rollins has maintained a 'Buy' rating on SBA Comms (NASDAQ:SBAC) but lowered the price target from $295 to $260.
August 04, 2023 | 11:21 am
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NEGATIVE IMPACT
SBA Comms' stock price may be affected by Citigroup's lowered price target.
The lowered price target from Citigroup, a major financial institution, could negatively impact investor sentiment towards SBA Comms, potentially leading to a decrease in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Citigroup's lowered price target for SBA Comms may impact investor sentiment towards Citigroup.
As the entity providing the rating and price target, Citigroup's reputation and perceived expertise could be affected by this move. However, as a large multinational bank, this single action is unlikely to significantly impact its stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50