Sirius XM price target raised to $3.60 from $3.00 at Citigroup Citigroup raised its price target for Sirius XM to reflect increased EBITDA and buyback assumptions. The firm keeps a Buy rating on the stock.
Sirius XM buyback announcement positive but expected, says FBR Capital FBR Capital said Sirius XM's announcement last night of a $2B expansion of its buyback authorization is a positive, but is also consistent with the firm's expectations. FBR adds that the timing of the announcement suggests the company have been opportunistic with its repurchases during the recent pullback in the market. The firm keeps an Outperform rating on Sirius shares.