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Fly News Breaks for October 5, 2015
SBAC
Oct 5, 2015 | 07:13 EDT
Macquarie analyst Kevin Smithen upgraded SBA Communications to Outperform with a $128 price target on shares. Smithen believes SBA has improved visibility into renewed spending from AT&T in 2016 following recent management meetings. The analyst believes improved AT&T spending combined with approximately 110bps of lower overall churn, could lead to a 2016 U.S. organic growth pickup of 100-150bps.
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