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LSXMA

Liberty SiriusXM

$41.76

-0.15 (-0.36%)

, SIRI

Sirius XM

$6.25

-0.075 (-1.19%)

08:16
10/09/19
10/09
08:16
10/09/19
08:16

Liberty SiriusXM initiated with a Buy rating at Benchmark

Benchmark analyst Matthew Harrigan initiated coverage of Liberty SiriusXM with a Buy rating and $60 price target. He notes that Liberty Sirius XM Group is a tracking stock that owns 70% of Sirius XM Holdings (SIRI) equity with effectively no other assets. Liberty SiriusXM shares trade at a 29% net asset value discount to Sirius XM shares, which Harrigan believes to be "excessive," he tells investors. LSXMA is nested within the overall Liberty Media Corporation corporate and tax entity alongside Formula One Group (FWONA) and Liberty Braves Group (BATRA), on which he does not have ratings, the analyst noted.

LSXMA

Liberty SiriusXM

$41.76

-0.15 (-0.36%)

SIRI

Sirius XM

$6.25

-0.075 (-1.19%)

FWONA

Liberty Formula One

$38.93

-0.64 (-1.62%)

BATRA

Liberty Braves Group

$27.57

-0.22 (-0.79%)

  • 31

    Oct

LSXMA Liberty SiriusXM
$41.76

-0.15 (-0.36%)

01/07/19
FBNS
01/07/19
NO CHANGE
FBNS
Outperform
Liberty SiriusXM named top pick for 2019 at FBN Securities
FBN Securities analyst Robert Routh says Liberty SiriusXM (LSXMA, LSXMK) is his firm's top pick for 2019. The recent decline in Sirius XM's (SIRI) share price and the resulting impact on Liberty SiriusXM "should easily reverse this year," Routh tells investors in a research note. Further, the analyst believes the "unreasonable" 49.91% discount currently ascribed to Liberty SiriusXM relative to its intrinsic value should close "in the not too distant future." In addition, he thinks both Liberty SiriusXM and SiriusXM's share repurchase activity will continue and possibly accelerate in 2019. Routh also views the latter's 2019 guidance as conservative. The analyst has an Outperform rating on Liberty SiriusXM.
SIRI Sirius XM
$6.25

-0.075 (-1.19%)

06/10/19
06/10/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Tesla (TSLA) upgraded to Buy from Neutral at Roth Capital with analyst Craig Irwin saying while he believes rising battery costs are likely to be a 2019 margin headwind, demand from China will likely be stronger than most anticipate, reducing the potential for lowered 2019 unit guidance. 2. Analog Devices (ADI) double upgraded to Buy from Sell at Goldman Sachs with analyst Toshiya Hari saying he is turning more bullish on the company as he believes analog units are tracking below trend. 3. United Technologies (UTX) upgraded to Buy from Neutral at Seaport Global with analyst Josh Sullivan saying at first glance, the company's merger-of-equals with Raytheon (RTN) offers a "compelling combination" in large defense and commercial aerospace growth verticals. 4. Adecoagro (AGRO) upgraded to Buy from Neutral at Citi with analyst Fernanda Perez Da Cunha citing the improvement in commodity prices and a slight reduction in long term maintenance capital expenditures for sugar and ethanol for the upgrade. 5. Sirius XM (SIRI) upgraded to Outperform from Neutral at Credit Suisse with analyst Brian Russo saying the stock decline has brought an attractive risk/reward opportunity. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/17/19
JPMS
06/17/19
NO CHANGE
Target $7
JPMS
Overweight
Sirius XM fundamentals should improve in Q2, says JPMorgan
JPMorgan analyst Sebastiano Petti says he remains bullish on Sirius XM Radio and looks for the company's fundamentals to improve in Q2 despite a difficult self-pay churn comp. Further, Sirius XM's trends should accelerate through year-end as the legacy business revenue and EBITDA "remains robust" and the drag from Pandora eases, Petti tells investors in a research note. Sirius offers one of the most compelling valuations in our coverage universe, says the analyst, who keeps an Overweight rating on the shares with a $7 price target.
09/23/19
WELS
09/23/19
INITIATION
Target $8
WELS
Outperform
Sirius XM initiated with an Outperform at Wells Fargo
Wells Fargo analyst Steven Cahall initiated Sirius XM with an Outperform rating and $8 price target, citing its "remarkably low" churn, relatively fixed cost base and average revenue per user that he said "seems to have inflation-style growth in perpetuity."
10/09/19
BNCH
10/09/19
INITIATION
BNCH
Hold
Sirius XM initiated with a Hold rating at Benchmark
Benchmark analyst Matthew Harrigan initiated Sirius XM with a Hold rating.
FWONA Liberty Formula One
$38.93

-0.64 (-1.62%)

08/15/19
JPMS
08/15/19
UPGRADE
Target $50
JPMS
Overweight
JPMorgan upgrades 'defensive asset' Liberty Formula One to Overweight
PMorgan analyst David Karnovsky upgraded Liberty Formula One (FOWNK) to Overweight from Neutral and raised his price target for the shares to $50 from $38. Formula 1 is emerging from a transition period positioned to reap the benefit of past investments, Karnovsky tells investors in a research note. The analyst estimates adjusted OIBDA will increase 20% this year with the start of a pay-TV deal with Sky, and he forecasts "more modest though steady" growth thereafter. Further, Liberty Formula One is a "defensive asset to own in the current macro environment," says Karnovsky.
09/18/19
FBNS
09/18/19
DOWNGRADE
FBNS
Sector Perform
Liberty Formula One downgraded to Sector Perform at FBN Securities
FBN Securities analyst Robert Routh downgraded Liberty Formula One to Sector Perform from Outperform citing the approximately 38% move up in shares since March.
BATRA Liberty Braves Group
$27.57

-0.22 (-0.79%)

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$12.45

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KRUS

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$25.45

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$48.38

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