Keybanc Maintains Overweight on SBA Comms, Lowers Price Target to $227
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Brandon Nispel maintains an Overweight rating on SBA Communications (SBAC) but lowers the price target from $276 to $227.

April 30, 2024 | 12:33 pm
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SBA Communications' price target was reduced from $276 to $227 by Keybanc, although the Overweight rating was maintained.
The reduction in price target by Keybanc could have a mixed impact on SBAC's stock price. While the decrease in the price target might concern some investors, the maintenance of an Overweight rating suggests that the analyst still sees positive potential in the stock. This could lead to a neutral short-term impact as the market digests both pieces of information.
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