SBA Communications price target lowered to $240 from $245 at JPMorgan

Group 1 - JPMorgan analyst Richard Choe lowered the price target on SBA Communications (SBAC) to $240 from $245, maintaining a Neutral rating on the shares [1] - The firm reduced new leasing estimates for tower companies due to a more conservative approach influenced by potential impacts from EchoStar [1] - The industry outlook is described as "modest," with concerns over the EchoStar/Dish situation, although potential deals could serve as a positive catalyst for tower stocks [1]