Wells Fargo Reaffirms Their Hold Rating on SBA Communications (SBAC)
Wells Fargo analyst Eric Luebchow maintained a Hold rating on SBA Communications today and set a price target of $205.00.
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According to TipRanks, Luebchow is a 4-star analyst with an average return of 8.1% and a 52.19% success rate. Luebchow covers the Real Estate sector, focusing on stocks such as American Tower, Crown Castle, and Iron Mountain.
In addition to Wells Fargo, SBA Communications also received a Hold from Morgan Stanley’s Benjamin Swinburne in a report issued on January 22. However, on January 20, UBS maintained a Buy rating on SBA Communications (NASDAQ: SBAC).
Based on SBA Communications’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $732.33 million and a net profit of $236.82 million. In comparison, last year the company earned a revenue of $667.6 million and had a net profit of $258.53 million
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- SBA Communications price target lowered to $260 from $275 at UBS
- SBA Communications price target lowered to $233 from $252 at Scotiabank
- SBA Communications price target lowered to $240 from $245 at JPMorgan
- SBA Communications price target lowered to $205 from $215 at Wells Fargo
- SBA Communications price target lowered to $212 from $219 at Barclays
