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Fly News Breaks for December 17, 2019
Dec 17, 2019 | 10:12 EDT
FBN Securities analyst Robert Routh initiated coverage of Sirius XM Holdings with an Outperform rating and estimated share value of $8.50. Having both a satellite and streaming platform should drive better revenue growth while simultaneously resulting in increased consolidated operating and adjusted EBITDA margins, Routh tells investors in a research note. Ultimately, this should accrue to Sirius XM's equity, says the analyst.