SunTrust analyst Greg Miller raised his price target on SBA Communications to $217 and kept his Buy rating after meeting with its management, which maintained the company's long-term goal of monetizing its assets in the wireless industry. The analyst believes the company is well positioned to "extract higher rents for its towers as carriers continue to add capacity" amid deployment of 5G wireless technology and the required "densification" to meet rising mobile connectivity demand. Miller adds that SBA Communications will likely "continue to prioritize repatriating capital to shareholders via buybacks versus buying new assets" after a "significant increase in private market valuations of privately-owned tower assets."