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Stock Market & Financial Investment News

News Breaks
October 25, 2013
10:08 EDTSIRISirius XM retreats after Goldman cuts rating on shares
Shares of satellite radio company Sirius XM (SIRI) are sinking after Goldman Sachs downgraded the stock in a note to investors earlier today. WHAT'S NEW: Before the stock market opened today, Sirius' stock only had to rise 9% to equal Goldman's price target of $4.25, Goldman analyst Matthew Niknam wrote. Investors should await a more attractive entry point before buying the stock, he advised. Turning to Sirius' third quarter results, Niknam noted that the company's revenue came in below expectations. The analyst blamed the miss on lower than expected average revenue per user, or ARPU. However, Sirius' ARPU should get a boost from a price increase that the company plans to implement in January 2014, the analyst predicted. Nevertheless he downgraded the stock to Neutral from Buy and removed the stock from the firm's Americas Buy List. WHAT'S NOTABLE: Yesterday morning Sirius reported lower than expected third quarter earnings and revenue. The company's 2013 and 2014 revenue guidance both came in slightly below analysts' consensus estimates. TODAY'S PRICE ACTION: In early trading, Sirius fell 17c, or 4.4%, to $3.74.
News For SIRI From The Last 14 Days
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July 29, 2015
10:00 EDTSIRIOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: 3D Systems (DDD) upgraded to Neutral from Underperform at Longbow... AK Steel (AKS) upgraded to Outperform from Neutral at Macquarie... Ally Financial (ALLY) upgraded to Outperform from Neutral at Credit Suisse... Amazon.com (AMZN) upgraded to Buy from Hold at Stifel... Arrow Electronics (ARW) upgraded to Buy from Underperform at CLSA... Beacon Roofing (BECN) upgraded to Buy from Neutral at CL King... Citrix (CTXS) upgraded to Outperform at Baird... Commvault (CVLT) upgraded to Buy from Hold at Jefferies... FireEye (FEYE) upgraded on positive checks, business mdoel changes at Oppenheimer... Hibbett Sports (HIBB) upgraded to Neutral from Underperform at Sterne Agee CRT... Integra LifeSciences (IART) upgraded to Outperform at Raymond James... M/A-COM (MTSI) upgraded to Buy from Hold at Needham... Norsk Hydro (NHYDY) upgraded to Neutral from Underperform at Exane BNP Paribas... NuVasive (NUVA) upgraded to Outperform from Market Perform at Northland... SM Energy (SM) upgraded to Outperform from Market Perform at Raymond James... Scorpio Bulkers (SALT) upgraded to Buy from Hold at Deutsche Bank... Sirius XM (SIRI) upgraded to Buy from Hold at Wunderlich... Sprouts Farmers Markets (SFM) upgraded to Neutral from Underperform at Longbow... Supervalu (SVU) upgraded to Equal Weight from Underweight at Morgan Stanley... Waters (WAT) upgraded to Outperform from Market Perform at Wells Fargo... Wells Fargo (WFC) upgraded to Buy from Neutral at Guggenheim... Williams-Sonoma (WSM) upgraded to Overweight from Neutral at JPMorgan... YRC Worldwide (YRCW) upgraded to Strong Buy at Raymond James.
07:27 EDTSIRISirius XM upgraded to Buy from Hold at Wunderlich
Wunderlich analyst Matthew Harrigan upgraded Sirius XM Holdings to Buy with a $4.60 price target following the company's Q2 results.
July 28, 2015
07:11 EDTSIRISirius XM sees FY15 net self-pay subscriber additions of 1.6M
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07:10 EDTSIRISirius XM sees FY15 revenue $4.5B, consensus $4.49B
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07:10 EDTSIRISirius XM reports Q2 churn rate of 1.6%
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07:09 EDTSIRISirius XM reports Q2 self-pay net additions up 37% to 519K
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07:09 EDTSIRISirius XM reports Q2 adjusted EPS 3c, consensus 3c
Reports Q2 revenue $1.12B, consensus $1.12B

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