Fly News Breaks for January 10, 2020
CCI, S, TMUS, SBAC, AMT
Jan 10, 2020 | 07:05 EDT
KeyBanc analyst Brandon Nispel believes a resolution to the T-Mobile (TMUS) and Sprint (S) merger plan, one way or another, should be a catalyst for the Tower operators and he continues to recommend owning American Tower (AMT) and SBA Communications (SBAC). He has updated his models for those two and Crown Castle (CCI), stating he has a more modest view toward organic growth in 2020, but believes Towers remain exposed to powerful secular drivers, such as 5G. Nispel raised his price target on American Tower shares to $254 from $242 and keeps an Overweight rating on that stock and SBA, while he maintains a Sector Weight rating on Crown Castle.
News For AMT;SBAC;TMUS;S;CCI From the Last 2 Days
Nov 30, 2021 | 09:56 EST
"The stimulus programs have put some extra cash in household budgets. We're not expecting that level of activity to continue into 2022 and beyond. In a three-player market with the integration between Sprint and T-Mobile [TMUS], we suspect the activity level for postpaid in 2022 is probably going to subside. We're not forecasting it to be as strong as it was this year. But we are expecting to take more than our fair share, more than our market share in terms of that growth opportunity in the wireless business over the next 2-3 years... There are pockets of growth for us to continue to pursue," AT&T Communications' (T) CEO Jeff McElfresh said at the Wells Fargo TMT Summit 2021.