Barclays Maintains Overweight on SBA Comms, Lowers Price Target to $241
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tim Long maintains an Overweight rating on SBA Communications (SBAC) but lowers the price target from $255 to $241.

April 30, 2024 | 1:28 pm
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Barclays maintains an Overweight rating on SBA Communications but lowers the price target from $255 to $241.
The adjustment in price target by Barclays reflects a nuanced view on SBA Communications' valuation, suggesting a positive outlook albeit with a slightly reduced growth expectation. This could lead to mixed reactions in the short term, as investors digest the implications of the lowered price target against the backdrop of an Overweight rating.
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IMPORTANCE 80
RELEVANCE 100