SBA Communications Produces Solid Q3 and 3 Stock Analyses Buzzing Today
Annaly Capital Management, Inc. (NYSE:NLY): After Annaly Capital Management, Inc. reported lower than expected core earnings per share, RBC Capital reduced their EPS estimates but continues to expect the company to deliver an attractive low double-digit ROE/dividend yield for the next 1-2 years. The firm believes the stock is undervalued and maintains an Outperform rating.
Covance Inc. (NYSE:CVD): Citing a better 2013 outlook and an improving earnings power trend into 2014, Baird raised their price target on Covance. Shares are Outperform rated.
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Tangoe Inc. (NASDAQ:TNGO): Raymond James raised Tangoe Inc.’s estimates to reflect a third quarter execution and a solid 2013 outlook. The firm believes the company had very strong bookings and that the business is growing in excess of 20%. Shares are Strong Buy with a $26 price target.
SBA Communications Corp. (NASDAQ:SBAC): Following solid third quarter results, Cowen said SBA Communications Corp. remains their favorite tower idea. The firm noted conservative guidance, strong secular trends, and relative valuation. Shares are Outperform rated.