Information Provided By:
Fly News Breaks for January 13, 2020
Jan 13, 2020 | 05:19 EDT
Goldman Sachs analyst Brett Feldman upgraded SBA Communications (SBAC) to Buy from Neutral with a price target of $280, up from $214. The analyst expects that "rapidly expanding" 5G coverage, increased availability of 5G devices and site densification around new mid-band spectrum will drive "several years of strong tower leasing activity." Further, from a valuation standpoint, towers look attractive versus other 'high-quality' real estate investment trusts, Feldman tells investors in a research note. Feldman prefers American Tower (AMT) and SBA to Crown Castle (CCI) as he believes the companies offer more exposure to 5G tower demand and more attractive valuations for their core tower businesses. The analyst this morning also upgraded American Tower to Buy and kept a Neutral rating on Crown Castle.
News For SBAC;AMT;CCI From the Last 2 Days
There are no results for your query SBAC;AMT;CCI