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Stock Market & Financial Investment News

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December 19, 2013
10:12 EDTSIRISirius XM upgraded following recent pullback in shares
Research firm Wunderlich upgraded satellite radio provider Sirius XM Holdings (SIRI) in a note to investors earlier today. WHAT'S NEW: Sirius' stock has dropped about 17% from its 52 week high, largely on fears that new competition will render the company's satellite radio service obsolete, Wunderlich analyst Matthew Harrigan wrote. Two systems that could be viewed as competition for Sirius are Spotify's free mobile app and self-driving cars, the analyst suggested. But Spotify's in-car system, which does not have good audio quality, is "overhyped," while Tesla (TSLA) CEO Elon Musk says that it will be difficult to enable computers to drive cars, Harrigan reported. Moreover, Sirius is working with automakers to integrate its product with their systems over the long-term, according to the analyst. Harrigan raised his rating on Sirius XM to Buy from Hold but trimmed his price target to $4.20 from $4.50. PRICE ACTION: In early trading, Sirius was little changed at $3.47
News For SIRI From The Last 14 Days
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April 15, 2014
10:16 EDTSIRIPandora rises after optimistic notes from analysts
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April 11, 2014
08:58 EDTSIRISirius XM debt move clears way for more buybacks, says FBR Capital
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April 10, 2014
09:37 EDTSIRIActive equity options trading on open
Active equity options trading on open according to Track Data: SIRI RAD AAPL AMZN AA FB TSLA MRK CVX C

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