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 Communications (SBAC) but lowered the price target from $290 to $260.
April 30, 2024 | 2:41 pm
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Citigroup maintains a Buy rating on SBA Communications but reduces the price target from $290 to $260.
The adjustment in price target by Citigroup reflects a recalibration of expectations for SBAC's stock, possibly due to market conditions or company performance. While the Buy rating indicates continued confidence in the company's prospects, the reduced price target may temper short-term expectations for stock price appreciation.
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IMPORTANCE 90
RELEVANCE 100