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Fly News Breaks for June 3, 2015
SIRI
Jun 3, 2015 | 06:16 EDT
Piper Jaffray analyst James Marsh raised his price target for Sirius XM Radio to $5.25 from $5 saying the company's used car subscriber opportunity is "bigger and coming faster" than he previously thought. Marsh's updated analysis indicates Sirius XM's used car opportunity could drive over $12B in revenues over the next six years, adding 18M new subscribers and generating $8.4B in EBITDA. He keeps an Overweight rating on the stock.
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