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Fly News Breaks for March 2, 2020
Mar 2, 2020 | 06:40 EDT
BofA analyst David Barden upgraded SBA Communications to Buy from Neutral with a $290 price target. The analyst notes that tower valuations are now at a historical premium, but he expects that to be sustained with the finalized regulatory approval of the Sprint (S) - T-Mobile (TMUS) merger. Barden adds that Dish (DISH) should be able to take legacy Sprint leases if it is successful in its network expansion. Despite the risk of "lumpy" results, Barden believes that tower stocks will "grind higher" as more infrastructure spending translates into faster growth.
News For SBAC;TMUS;S;DISH From the Last 2 Days
Oct 28, 2020 | 15:55 EDT
Bearish flow noted in T Mobile with 5,992 puts trading, or 1.1x expected. Most active are Jan-21 110 puts and Nov-20 100 puts, with total volume in those strikes near 4,300 contracts. The Put/Call Ratio is 3.87, while ATM IV is up over 3 points on the day. Earnings are expected on November 5th.