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Fly News Breaks for July 30, 2019
SBAC
Jul 30, 2019 | 07:43 EDT
Cowen analyst Colby Synesael raised his price target on SBA Communications to $250 from $203 following solid Q2 results. The analyst noted accelerating US growth and increased 2019 guidance as a result of the Atlas deal in South Africa. The analyst expects the shares to grind higher in the second half of 2019 as focus shifts to 2020 where growth appears set to further accelerate. The company will also begin paying a dividend which broadens its appeal. Synesael reiterated his Outperform rating on SBA Communications shares.
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