Sirius XM remains a top large cap idea at Piper Jaffray Piper Jaffray said Sirius XM remains its top large cap idea for 2013 following the company's Q4 results. Piper says Sirius XM continues to deliver strong subs growth. The firm keeps an Overweight rating on the stock with a $3.40 price target.
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.