11:40 AM EDT, 04/29/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We increase our 12-month target price by $10 to $260, applying an EV/EBITDA multiple of 20.5x to our 2025 estimate, a slight discount to its three-year historical average multiple of 22.3x, reflecting slower domestic growth and elevated non-Sprint churn in Q1 ($21 million for 2025). We increase our 2025 AFFO estimate by $0.05 to $12.85 and decrease our 2026 AFFO forecast by $0.44 to $13.40. The U.S. services businesses had strong results leading to increased service-related revenue guidance and backlog growth. Management also notes that carrier activity is beginning to pick up with fixed wireless driving capacity needs and upgrades. Planned operational exits from Colombia and the Philippines are now complete and management believes SBAC's new portfolio footprint can achieve higher levels of leasing rental growth. We now anticipate the rest of the Millicom deal (6,700 sites) to close by early September this year. SBAC announced a $1.5 billion buyback authorization after spending $123 million on buybacks in Q1.