Wells Fargo Downgrades SBA Comms to Equal-Weight, Lowers Price Target to $220
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has downgraded SBA Communications (NASDAQ:SBAC) from Overweight to Equal-Weight and lowered the price target from $230 to $220.

July 15, 2024 | 12:32 pm
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NEGATIVE IMPACT
Wells Fargo has downgraded SBA Communications from Overweight to Equal-Weight and reduced the price target from $230 to $220.
The downgrade from Overweight to Equal-Weight by a major financial institution like Wells Fargo is likely to negatively impact investor sentiment. Additionally, the lowered price target from $230 to $220 suggests a less optimistic outlook for the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100