Piper Jaffray is out with its report today on SBA Communications SBAC, maintaining Neutral.
In a note to clients, Piper Jaffray writes, "We are maintaining our Neutral rating and $44 price target. Our price target is based on a four-year DCF analysis with a near-term WACC of 8.6%, terminal WACC of 7.4% and terminal growth rate of 3.5%. It implies a 2012E recurring FCF yield of 6.3%."
At the time of posting, shares of SBAC were trading at $38.36, up 1.02% from Monday's close.
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Posted In: Analyst ColorAnalyst RatingsPiper JaffraySBA CommunicationsTelecommunication ServicesWireless Telecommunication Services
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