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Fly News Breaks for July 30, 2019
SBAC
Jul 30, 2019 | 08:19 EDT
SunTrust analyst Greg Miller raised his price target on SBA Communications to $255 and kept his Buy rating after its Q2 earnings beat, its $140M acquisition of South Afirca JV, and the commencement of a 37c per share dividend payable September 25th. The analyst sees these announcements as supportive of his long-term thesis regarding SBA Communication's growth opportunities and capital returns, adding that the stock should also "continue to benefit" from domestic industry tailwinds.
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