Sirius XM upgraded at Evercore As previously reported, Evercore upgraded Sirius to Overweight from Equal Weight. The firm cites valuation and expectations for rapid growth of its telematics business, which it does not believe is currently reflected in the stock price. Price target raised to $4.50 from $3.90.
News For SIRI From The Last 14 Days
Check below for free stories on SIRI the last two weeks.
Pandora management getting savvier on content costs, says Maxim Maxim said Pandora's (P) new multi-year rights agreement with BMG supports its view that management is getting more savvy on managing content costs. The firm also thinks the tone of Apple (AAPL) at its launch event suggests its service has yet to gain traction as a competitor to Pandora and that comments from Sirius XM's (SIRI) CFO indicate Pandora is gaining traction in car integration. The firm maintains it Buy rating and $35 price target on Pandora.