Sirius XM has several compelling catalysts, says RBC Capital RBC Capital doesn't expect Sirius XM to face "a real competitive threat" in its "investment time horizon," and the firm indicates that it expects the company's margins to increase going forward. Nonetheless the firm keeps a $4 price target and Sector Perform rating on the shares.
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.