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Fly News Breaks for April 25, 2019
SIRI
Apr 25, 2019 | 05:13 EDT
Pivotal Research analyst Jeffrey Wlodarczak upgraded Sirius XM Radio to Buy from Hold with an unchanged price target of $7. Yesterday's post-earnings selloff was overdone as investors overreacted to slightly lower than expected new car installations and modestly lower than expected self-pay net subscriber additions, Wlodarczak tells investors in a research note. He believes Sirius is already demonstrating an ability to "significantly" increase monetization of Pandora's "still sizeable" free streaming subscriber base.
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