J.P. Morgan has updated its model on SBA Communications SBACfollowing second-quarter 2010 earnings
results.
J.P. Morgan states that SBAC reported better-than-expected results, and management modestly revised guidance upward to reflect closed acquisitions. Acquisitions that have not closed were excluded, but could drive future guidance raises.
J.P. Morgan is increasing its forecast for SBA Communications site rental revenue, EBITDA, and recurring free cash flow to reflect contributions from recent deals. J.P. Morgan's model also reflects revised forecasts for share repurchases.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Posted In: Analyst ColorAnalyst RatingsJP MorganTelecommunication ServicesWireless Telecommunication Services
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in