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Fly News Breaks for February 5, 2020
Feb 5, 2020 | 08:53 EDT
JPMorgan analyst Sebastiano Petti raised his price target for Sirius XM Radio to $8 from $7 saying the company reported "strong" Q4 results with revenue and EBITDA well ahead of estimates. The Sirius XM bull thesis remains intact following the Q4 results despite higher than expected costs and a slower buyback pace, Petti tells investors in a research note. He reiterates an Overweight rating on the shares.