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Fly News Breaks for February 24, 2020
SBAC, TMUS, S
Feb 24, 2020 | 09:41 EDT
SunTrust analyst Greg Miller raised his price target on SBA Communications (SBAC) to $330 and kept his Buy rating after its "solid" Q4 results and typically "conservative" FY20 guidance. The analyst notes that the merger of T-Mobile (TMUS) and Sprint (S) will also reverse the spectrum leasing activity slowdown seen in the quarter, while the "wave of additional spectrum" coming to market and elevated activity levels from other large operators should position the company for "multiple years of above average growth."