Morgan Stanley Maintains Overweight on SBA Comms, Lowers Price Target to $227
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simon Flannery has maintained an Overweight rating on SBA Comms (NASDAQ:SBAC) but lowered the price target from $311 to $227.

October 16, 2023 | 1:15 pm
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Morgan Stanley has maintained an Overweight rating on SBA Comms but lowered the price target from $311 to $227.
The news is directly about SBA Comms and is likely to impact its stock price. While the Overweight rating suggests that Morgan Stanley expects the stock to outperform, the lowering of the price target may create some negative sentiment among investors, potentially putting some downward pressure on the stock price in the short term.
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