Goldman Sachs assumed coverage of SBA Communications with a Neutral rating and $205 price target. SBA Communications is expected to benefit over the long term from structural tailwinds in mobile data growth, carrier densification, and future spectrum deployments, but near-term performance is likely to be weighed down by carrier consolidation, EchoStar-related disruptions, international churn in markets like Brazil, and higher refinancing costs, the analyst tells investors in a research note.
