By Brandon Matthews
Barrington has upgraded shares of Sirius XM Radio (SIRI) this morning, raising its rating to Outperform from Market Perform. The research firm also assigned a 70 cent price target on shares of SIRI.
In my experience, it’s very rare that any analyst would assign a price objective that represents a potential 100% gain in a stock’s price. Barrington upgraded Sirius on expectations EBITDA will turn positive this year.
The upgrade has given Sirius XM shares a boost in premarket trading, with shares realizing nearly an 8% gain on the news.
Position : Long SIRI
Brandon
Nice find! Barrington upgraded Sirius on expectations EBITDA will turn positive this year. WOW…what ever gave them that idea?
Just another brick in the wall!!
I just want them to get over this massive .38 cent wall and hold and then we could move higher.
Did you happen to read TheStreet.com article today on selling Sirius cause the iPhone won’t save them? David MacDougall recommends a position of ’sell’ with a grade of D-. This guy is really uniformed. Barrington which has a lot more credibilty then TheStreet.com just upgraded their expectations. How laughable…These guys must get paid by Cramer on each negative article written about Sirius. I want to know when folks like Cramer will get exposed and hit with a law suit for reporting false information.
1. Mot Fool and the Street are JOKES. I have a tendency of looking at Barrington’s with a bit more trust.
I think retail investors are just really tired of getting beat down and manipulated, but if you look at it from the angle that this stock has held .30 for months now, but I think there is heavy interest at .33 – .35 cents. It may take a little time for investors to get used to that we are not going back into the .20’s again.
Next level .50 cents.
Brandon, have you notified the SEC about TheStreet.com and the capture of manipulation? Nice to expose these things in articles but are you notifying anyoe who has potential clout to do anything?
thanks,
Also, I do know 1 thing for sure – the retail investors and posters on these blogs know the truth about the direction this company and stock is going despite all the constant barrage of negative press and manipulation and as tired as we are, we will NOT sell our core positions, which is going to make it more and more difficult for this SP to stay down. When people want in, they will have to bid up the shares. The selling volume is very, very low right now and it seems the only way that it goes down is on the MM’s manipulation and paiting the closes.
Wait till the naked short rules change.