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SBAC

SBA Communications

$111.78

-0.38 (-0.34%)

, AMT

American Tower

09:29
10/04/16
10/04
09:29
10/04/16
09:29

SBA strength on REIT conversion a selling opportunity, says Pacific Crest

Pacific Crest analyst Michael Bowen said SBA Communications (SBAC) shareholders have expected for some time that SBA would elect to become a REIT, but its announcement of board approval of a REIT conversion came sooner than expected. Bowen, who does not think SBA is likely to pay dividends anytime soon, recommends using the strength in SBA shares to take profits and shift into American Tower (AMT), which continues to be his favorite idea in the space.

SBAC

SBA Communications

$111.78

-0.38 (-0.34%)

AMT

American Tower

  • 27

    Oct

SBAC SBA Communications
$111.78

-0.38 (-0.34%)

07/12/16
LBOW
07/12/16
NO CHANGE
LBOW
CommScope seeing lower revenue from AT&T, says Longbow
Longbow says that AT&T's (T) spending on CommScope's (COMM) solutions unexpectedly slowed in late Q2 and into Q3. The firm says its source estimates that AT&T's spending has dropped by three percentage points. As a result, Longbow estimates that Commscope's North American 2016 revenue is now flat to up low single digits versus its previous outlook of up low single digits. However, the firm keeps a Buy rating on the shares. It adds that Crown Castle (CCI), American Tower (AMT), SBA Communications (SBAC), and Ericsson (ERIC) have a negative read through from the news.
07/14/16
JPMS
07/14/16
NO CHANGE
Target $135
JPMS
Overweight
American Tower, SBA estimates and targets raised at JPMorgan
JPMorgan analyst Philip Cusick raised his leasing revenue estimates for American Tower (AMT) and SBA Communications (SBAC) to reflect positive currency impacts. American Tower receives about 40% of its of revenue from international assets and SBA around 16%-17%, Cusick tells investors in a research note. The analyst upped his price target for Overweight-rated American Tower to $135 from $112 and for Neutral-rated SBA to $130 from $115.
09/12/16
RHCO
09/12/16
INITIATION
Target $129
RHCO
Buy
SBA Communications initiated with a Buy at SunTrust
SunTrust analyst Greg Miller initiated SBA Communications with a Buy and a $129 price target.
09/13/16
RHCO
09/13/16
NO CHANGE
RHCO
Wireless tower stocks initiated at SunTrust
As noted earlier, SunTrust initiated coverage of wireless tower operators American Tower (AMT), Crown Castle (CCI), and SBA Communications (SBAC) with Buy ratings. Analyst Greg Miller expects the companies to benefit from huge jumps in mobile data usage over the next four years. He adds that the companies have very strong business models,. while their foreign exchange headwinds are lessening. He recommends Crown Castle for more risk averse investors, and says that American Tower is a good stock for more risk tolerant investors looking for a growth name. SBA also has good growth prospects and could become an acquisition target over the longer term ,according to the analyst. He set a $128 price target on American Tower, a $107 price target on Crown Castle. and a $129 price target on SBA.
AMT American Tower

08/01/16
OPCO
08/01/16
NO CHANGE
Target $128
OPCO
Outperform
American Tower price target raised to $128 from $110 at Oppenheimer
Oppenheimer analyst Timothy Horan raised his price target for American Tower to $128 from $110 after the company reported better-than-expected Q2 results, with "strong" international growth offsetting slightly muted U.S. growth. The analyst believes American Tower's globally diversified asset offers a unique way to invest in the global mobility theme, and notes that the upcoming reclassification of the GICS code presents a "strong" catalyst. Horan reiterates an Outperform rating on the shares.
09/12/16
RHCO
09/12/16
INITIATION
Target $128
RHCO
Buy
American Tower initiated with a Buy at SunTrust
SunTrust analyst Greg Miller initiated American Tower with a Buy and a $128 price target.

TODAY'S FREE FLY STORIES

KND

Kindred Healthcare

$11.50

0.25 (2.22%)

17:04
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LOGI

Logitech

$37.02

0.46 (1.26%)

17:02
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17:02
Hot Stocks
Logitech nominates to new directors, proposes 10% dividend increase »

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  • 29

    Aug

BLCM

Bellicum Pharmaceuticals

$13.32

0.18 (1.37%)

17:00
06/28/17
06/28
17:00
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17:00
Syndicate
Breaking Syndicate news story on Bellicum Pharmaceuticals »

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  • 26

    Sep

XLF

Financial Select Sector

$24.52

0.38 (1.57%)

17:00
06/28/17
06/28
17:00
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17:00
Technical Analysis
Technical View: Financial Select Sector rises in extended trading »

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C

Citi

$65.18

0.95 (1.48%)

16:58
06/28/17
06/28
16:58
06/28/17
16:58
Technical Analysis
Technical View: Citi rises after hours »

In the extended session…

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  • 28

    Jun

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    Jul

BAC

Bank of America

$23.88

0.61 (2.62%)

16:54
06/28/17
06/28
16:54
06/28/17
16:54
Hot Stocks
Bank of America to boost quarterly dividend 60%, authorizes $12B share buyback »

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CNSL

Consolidated Communications

$21.27

0.53 (2.56%)

, FRP

FairPoint

$15.50

0.5 (3.33%)

16:54
06/28/17
06/28
16:54
06/28/17
16:54
Hot Stocks
Consolidated Communications-FairPoint merger secures regulatory approvals »

Consolidated…

CNSL

Consolidated Communications

$21.27

0.53 (2.56%)

FRP

FairPoint

$15.50

0.5 (3.33%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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FB

Facebook

$153.24

2.66 (1.77%)

16:54
06/28/17
06/28
16:54
06/28/17
16:54
Periodicals
Facebook creating ad targeting for families, Axios reports »

Facebook is creating new…

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  • 28

    Jun

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    Jun

  • 19

    Jul

NTRS

Northern Trust

$96.66

1.24 (1.30%)

16:52
06/28/17
06/28
16:52
06/28/17
16:52
Hot Stocks
Northern Trust to increase dividend to 42c per share, buy back $750M in stock »

Northern Trust…

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  • 19

    Jul

SBOT

Stellar Biotechnologies

$1.23

-0.05 (-3.91%)

16:51
06/28/17
06/28
16:51
06/28/17
16:51
Hot Stocks
Breaking Hot Stocks news story on Stellar Biotechnologies »

Frank R. Oakes reports…

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CMA

Comerica

$71.94

0.14 (0.19%)

16:51
06/28/17
06/28
16:51
06/28/17
16:51
Hot Stocks
Comerica plans to increase dividend 15%, buy back up to $605M of common stock »

Comerica announced that…

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03/06/13
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JPM

JPMorgan

$89.82

1.77 (2.01%)

16:50
06/28/17
06/28
16:50
06/28/17
16:50
Hot Stocks
JPMorgan to up quarterly dividend to 56c/share, authorizes $19.4B share buyback »

JPMorgan Chase & Co.…

03/08/13
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03/06/13
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03/06/13
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  • 14

    Jul

  • 12

    Oct

  • 13

    Apr

  • 14

    Jul

  • 12

    Oct

BBVA

Banco Bilbao

$8.54

0.16 (1.91%)

16:50
06/28/17
06/28
16:50
06/28/17
16:50
Hot Stocks
BBVA Compass receives no objection to its 2017 capital plan »

BBVA Compass Bancshares,…

03/08/13
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03/06/13
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03/06/13
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  • 28

    Jun

ZION

Zions Bancorp

$42.97

0.43 (1.01%)

16:49
06/28/17
06/28
16:49
06/28/17
16:49
Hot Stocks
Zions to boost common dividend to 24c per share by 2Q18 »

The Board of Governors of…

03/08/13
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PNC

PNC Financial

$123.40

2.28 (1.88%)

16:48
06/28/17
06/28
16:48
06/28/17
16:48
Hot Stocks
PNC says proposed capital plans include 36% dividend hike, $2.7B in buybacks »

The PNC Financial…

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  • 14

    Jul

MBUU

Malibu Boats

$25.75

0.28 (1.10%)

16:47
06/28/17
06/28
16:47
06/28/17
16:47
Hot Stocks
Malibu Boats to acquire Cobalt Boats for $130M »

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CIT

CIT Group

$48.61

0.27 (0.56%)

16:47
06/28/17
06/28
16:47
06/28/17
16:47
Hot Stocks
CIT Group receives no objection to its 2017 capital plan »

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DFS

Discover

$61.88

0.81 (1.33%)

16:47
06/28/17
06/28
16:47
06/28/17
16:47
Hot Stocks
Discover to boost quarterly dividend to 35c per share, authorizes $2.23B buyback »

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  • 26

    Jul

AMZN

Amazon.com

$990.33

13.55 (1.39%)

, WMT

Wal-Mart

$76.51

0.5 (0.66%)

16:46
06/28/17
06/28
16:46
06/28/17
16:46
Periodicals
Amazon holds first ever 'meet and greet' for sellers, Bloomberg says »

Amazon (AMZN) is holding…

AMZN

Amazon.com

$990.33

13.55 (1.39%)

WMT

Wal-Mart

$76.51

0.5 (0.66%)

EBAY

eBay

$35.31

0.4 (1.15%)

03/08/13
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  • 28

    Jun

STI

SunTrust

$56.09

0.88 (1.59%)

16:46
06/28/17
06/28
16:46
06/28/17
16:46
Hot Stocks
SunTrust boosts quarterly dividend 54%, authorizes $1.32B share buyback »

SunTrust Bank announced…

03/08/13
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  • 21

    Jul

KEY

KeyCorp

$18.38

0.18 (0.99%)

16:44
06/28/17
06/28
16:44
06/28/17
16:44
Hot Stocks
KeyCorp to boost quarterly dividend to 10.5c per share, to repurchase $800M »

KeyCorp announced its…

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BK

BNY Mellon

$50.60

0.92 (1.85%)

16:43
06/28/17
06/28
16:43
06/28/17
16:43
Hot Stocks
BNY Mellon to raise dividend 24%, repurchase up to $3.1B of common stock »

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  • 20

    Jul

CFG

Citizens Financial

$35.34

0.5 (1.44%)

16:42
06/28/17
06/28
16:42
06/28/17
16:42
Hot Stocks
Citizens Financial plans 18c per share quarterly dividends, $850M share buyback »

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  • 21

    Jul

FITB

Fifth Third

$25.49

0.4 (1.59%)

, VNTV

Vantiv

$63.47

1.09 (1.75%)

16:41
06/28/17
06/28
16:41
06/28/17
16:41
Hot Stocks
Fifth Third to raise dividend to 16c, repurchase $1.161B of common stock »

Fifth Third Bancorp…

FITB

Fifth Third

$25.49

0.4 (1.59%)

VNTV

Vantiv

$63.47

1.09 (1.75%)

03/08/13
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  • 21

    Jul

BBT

BB&T

$44.78

0.96 (2.19%)

16:41
06/28/17
06/28
16:41
06/28/17
16:41
Hot Stocks
BB&T says proposed capital plans include 10% dividend hike, $1.88B in buybacks »

BB&T announced the…

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  • 20

    Jul

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    Oct

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