RBC Capital Maintains Outperform on SBA Comms, Lowers Price Target to $235
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Jonathan Atkin maintains an Outperform rating on SBA Communications (NASDAQ:SBAC) but lowers the price target from $250 to $235.
May 09, 2024 | 5:05 pm
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RBC Capital maintains an Outperform rating on SBA Communications but reduces the price target from $250 to $235.
The adjustment in price target by RBC Capital, while maintaining an Outperform rating, suggests a positive outlook on SBAC's performance but with a slightly tempered expectation for its stock price in the short term. This could lead to a neutral short-term impact on SBAC's stock price as the market digests the new price target alongside the reaffirmed positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100