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SIRI

Sirius XM

$5.32

0.01 (0.19%)

07:57
06/10/19
06/10
07:57
06/10/19
07:57

Credit Suisse upgrades Sirius to Outperform on risk/reward opportunity

Credit Suisse analyst Brian Russo upgraded Sirius XM Holdings to Outperform from Neutral with a $7 price target. The stock closed Friday at $5.31. The stock decline has brought an attractive risk/reward opportunity, Russo tells investors in a research note. Consensus estimates for EBITDA and free cash flow have fallen to roughly in-line with the company's 2019 guidance, which is rare given management's long track record of beating their outlook, adds the analyst. Russo now sees upside to estimates given Sirius XM's "solid" operating trends and "powerful" stock buyback.

  • 13

    Jun

  • 19

    Jun

SIRI Sirius XM
$5.32

0.01 (0.19%)

04/25/19
PIVT
04/25/19
UPGRADE
Target $7
PIVT
Buy
Sirius XM upgraded to Buy from Hold at Pivotal Research
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.
04/25/19
04/25/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Facebook (FB) upgraded to Buy from Neutral at UBS with analyst Eric Sheridan saying while 2019 remains a year of transition, Facebook management has now produced multiple quarters of better than expected revenue and earnings. 2. American Express (AXP) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Betsy Graseck saying she believes its strong revenue growth remains intact given its record growth in proprietary cards, strong contribution from Millennials, fee-based products and its strong loan and transactional growth. 3. Novartis (NVS) upgraded to Buy from Neutral at Guggenheim with analyst Seamus Fernandez saying he is more confident that the company "can deliver several years of mid-single digit operating profit and EPS growth" through 2024. 4. Sirius XM (SIRI) upgraded to Buy from Hold at Pivotal Research with analyst Jeffrey Wlodarczak saying 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. 5. General Dynamics (GD) upgraded to Neutral from Underweight at JPMorgan with analyst Seth Seifman saying General Dynamics has underperformed the market by~21% since the start of 2018. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/24/19
JPMS
05/24/19
NO CHANGE
Target $7
JPMS
Overweight
Sirius XM 12% selloff since Q1 results overdone, says JPMorgan
JPMorgan analyst Sebastiano Petti views the 12% selloff in shares of Sirius XM Radio since the company's Q1 results as overdone. The weakness is largely driven by Sirius XM's self-pay subscriber miss and concerns over the satellite segments underlying trends and turnaround at Pandora, Petti tells investors in a research note. However, the analyst says the company's financials are "solid" and he reiterates an Overweight rating on the shares with a $7 price target. The bull thesis is still intact despite the "mixed" Q1 results as Sirius XM's metrics should accelerate through year-end, says Petti.
06/10/19
FBCO
06/10/19
UPGRADE
FBCO
Outperform
Sirius XM upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse analyst Brian Russo Sirius XM upgraded to Outperform from Neutral, citing its "solid" operating trends, "powerful" buyback and the fall in its stock price.

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MDCO

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DBSDY

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SPX

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DUNDF

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RTN

Raytheon

$204.06

5.24 (2.64%)

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ORTX

Orchard Therapeutics

$15.44

0.38 (2.52%)

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SNE

Sony

$59.95

-0.42 (-0.70%)

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XLRN

Acceleron

$44.67

0.75 (1.71%)

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HD

Home Depot

$231.00

-2.86 (-1.22%)

06:09
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Downgrade
Home Depot rating change  »

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  • 19

    Nov

BUD

AB InBev

$95.80

-0.61 (-0.63%)

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SNAP

Snap

$15.76

-0.24 (-1.50%)

06:07
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Upgrade
Snap rating change  »

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  • 17

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PVH

PVH Corp.

$90.63

-0.02 (-0.02%)

06:07
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  • 19

    Sep

SHOP

Shopify

$337.93

-0.77 (-0.23%)

06:06
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Syndicate
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  • 18

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MTCH

Match Group

$76.70

1.74 (2.32%)

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CROX

Crocs

$28.40

-0.16 (-0.56%)

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DOX

Amdocs

$66.29

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DAVE

Famous Dave's

$4.68

0.13 (2.86%)

, BBQ

BBQ Holdings

$0.00

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BBQ

BBQ Holdings

$0.00

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  • 12

    Nov

BLK

BlackRock

$435.86

-7.29 (-1.65%)

06:01
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  • 27

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AAWW

Atlas Air

$27.70

0.6 (2.21%)

06:00
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Atlas Air rating change  »

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  • 13

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TLSNF

Telia

$0.00

(0.00%)

05:58
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05:58
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Telia rating change  »

Telia upgraded to Hold…

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TLTZY

Tele2

$0.00

(0.00%)

05:58
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FB

Facebook

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-0.73 (-0.39%)

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  • 20

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PAGS

PagSeguro Digital

$45.85

-0.015 (-0.03%)

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COP

ConocoPhillips

$62.54

5.19 (9.05%)

05:45
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  • 29

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