01:50 PM EST, 11/04/2025 (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 lower our 12-month target price $30 to $225, applying an EV/EBITDA multiple of 17.9x our 2026 estimate, a discount to its three-year historical average multiple of 20.8x, reflecting slower domestic growth and DISH-related churn impacting 2027. We increase our 2025 AFFO estimate by $0.03 to $12.92 and decrease our 2026 forecast by $0.24 to $13.11. SBAC announced a new 10-year master lease agreement with Verizon, described as more linear and less activity based, though it does not alter the current lease portfolio and has minimal colocation commitments. International churn was elevated in Q3, while DISH-related churn ($55M revenue) in 2027-2028 is still expected. SBAC lowered its leverage target to 6x-7x (from 7x-7.5x) as it pushes for an investment-grade rating. This is important in 2026, as it faces maturities that will refinance at higher rates, creating interest expense headwinds. AT&T's plan for software upgrades to deploy new spectrum without new hardware present a new risk to SBAC's long-term growth.