NewsFeeder
Headline News
- Reaction score
- 3
Sirius stock gains after Credit Suisse upgrade
Shares of Sirius XM Holdings Inc. are up 1% in premarket trading Monday after Credit Suisse analyst Brian Russo upgraded the stock to outperform from neutral. "Consensus forecasts are now roughly in line with 2019 guidance, whereas in prior years the Street typically forecasts Sirius to beat its guidance consistent with the company's long track record of doing so," Russo wrote. "We believe it more likely than not that management will beat its guidance, and therefore see upside to consensus for the remainder of the year." Shares have fallen about 15% since the company announced its Pandora acquisition in September, compared with a 2% decline for the S&P 500 in that time, but Russo sees the stock as attractive following the pullback. Russo has a $7 price target on the stock, which is down 27% over the past 12 months.
https://finance.yahoo.com/m/8d03e3a...db9bd/sirius-stock-gains-after.html?.tsrc=rss
Shares of Sirius XM Holdings Inc. are up 1% in premarket trading Monday after Credit Suisse analyst Brian Russo upgraded the stock to outperform from neutral. "Consensus forecasts are now roughly in line with 2019 guidance, whereas in prior years the Street typically forecasts Sirius to beat its guidance consistent with the company's long track record of doing so," Russo wrote. "We believe it more likely than not that management will beat its guidance, and therefore see upside to consensus for the remainder of the year." Shares have fallen about 15% since the company announced its Pandora acquisition in September, compared with a 2% decline for the S&P 500 in that time, but Russo sees the stock as attractive following the pullback. Russo has a $7 price target on the stock, which is down 27% over the past 12 months.
https://finance.yahoo.com/m/8d03e3a...db9bd/sirius-stock-gains-after.html?.tsrc=rss
