Deutsche Bank Maintains Buy Rating and $54 PT on SBA Communications

A report from Deutsche Bank reiterates its Buy rating and $54 price target on SBA Communications

. The report states, “We have 3 key expectations for SBAC's 3Q11 report: (1) solid results based on improved 2H leasing trends, (2) initial 2012 guidance ranges, which should imply stronger leasing demand vs. 2011, and (3) an increased pace of share repurchases." SBAC closed Friday at $38.63.