UPDATE - Morgan Stanley Downgraded Sirius XM Radio (SIRI) to Equalweight; Valuation & Sub Growth
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Price: $28.39 -0.98%
Rating Summary:
13 Buy, 12 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
13 Buy, 12 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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UPDATE - Morgan Stanley downgraded Sirius XM Radio (NASDAQ: SIRI) from Overweight to Equalweight with a price target of $2.30 (up form $2).
Analyst Benjamin Swinburne is positive on SIRI's growth outlook and business model, but feels that the stock may be getting a little ahead of itself (considering shares are up approx. 30% from Mid-November, 2011). Also, Swinburne thinks that subscriber growth forecasts may be too optimistic for 2012. The analyst forecasts growth of approx. 1.3 million new subscribers vs. the consensus of 1.5 million.
To see more ratings on SIRI, Click Here
Analyst Benjamin Swinburne is positive on SIRI's growth outlook and business model, but feels that the stock may be getting a little ahead of itself (considering shares are up approx. 30% from Mid-November, 2011). Also, Swinburne thinks that subscriber growth forecasts may be too optimistic for 2012. The analyst forecasts growth of approx. 1.3 million new subscribers vs. the consensus of 1.5 million.
To see more ratings on SIRI, Click Here
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