JPMorgan Lowers the Firm’s PT on SBA Communications (SBAC) Stock

SBA Communications Corporation (NASDAQ:SBAC) is one of the Best Depressed Stocks to Buy Right Now. On January 12, JPMorgan analyst Richard Choe reduced the firm’s price objective on the company’s stock to $240 from $245, while keeping a “Neutral” rating, as reported by The Fly. Notably, the firm lowered new leasing estimates for the tower companies ahead of earnings in order to reflect a more conservative approach as a result of a potential impact from EchoStar. JPMorgan Lowers the Firm’s PT on SBA Commun ...