Wells Fargo Maintains Overweight on SBA Comms, Lowers Price Target to $245
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Eric Luebchow has maintained an Overweight rating on SBA Comms (NASDAQ:SBAC) but lowered the price target from $270 to $245.
October 17, 2023 | 1:54 pm
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SBA Comms' price target has been lowered from $270 to $245 by Wells Fargo, though the Overweight rating is maintained.
The lowering of the price target by Wells Fargo indicates a potential decrease in the short-term value of SBA Comms' stock. However, the maintained Overweight rating suggests that the stock is still expected to outperform.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100