SATWAVES

Raising Guidance on Sirius XM Shares

By Brandon Matthews Several months ago, I had alerted readers to a potentially bullish pattern that was emerging with regards to Sirius XM Radio (Nasdaq: SIRI). At the time, I suggested a price target of .85 which was subsequently reached this morning. Since issuing this target based solely on technical chart patterns, there are fundamental improvements to Sirius XM's business model that cannot be ignored in determining potential future movements. Suddenly, it seems that the rest of Wall Stre...

Sirius XM Hits 52 Week High On Bullish Sentiment

By Brandon Matthews Shares of Sirius XM Radio (NASDAQ:SIRI) continue their winning streak today on the heels of an S&P credit upgrade. The latest upgrade followed new coverage by Lazard Capital and Wunderlich Securities, each of which assigned a BUY rating to Sirius XM shares and an initial price target of $1.00. Shares of Sirius XM have traded as high as .81 today, setting a new 52 week high on current fundamental performance rather than historical lows. As the stock continues to strengt...

Exclusive: Barrington’s Jim Goss to Discuss Sirius XM (SIRI)

by Demian Russian Barrington Research Associates Vice Presiedent and Senior Research Analyst, Jim Goss will be discussing Sirius XM Radio (NASDAQ: SIRI) in a live exclusive interview on this week's edition of The Satwaves Radio Show. The show can be heard live at 9:00PM Eastern tonight, Wednesday January 27th. We will hear his views on the current state of Sirius XM, as well as what he sees for the company's future. Mr. Goss will be discussing the company's pre-announced Q4 metrics, as well a...

Sirius XM Credit Rating Upgraded At Standard & Poor’s

by Brandon Matthews Standard & Poor's Ratings Services today raised its corporate credit rating on Sirius XM Radio (Nasdaq: SIRI) and its subsidiaries to B from B-. The rating outlook is positive. Outstanding issue-level ratings on the company were also raised by one notch, in conjunction with the corporate credit rating change. The rating upgrade reflects improving operating performance, resumption of subscriber growth and positive discretionary cash flow. The B rating reflects...

Wunderlich Securities Initiates a Buy Rating on Sirius XM (SIRI)

by Demian Russian Wunderlich Securities' Media & Entertainment Analyst Matthew Harrigan initiated coverage of Sirius XM (Nasdaq: SIRI) today with a "Buy" rating and a $1.00 price target. Looking over his SIRI research report, it is clear that Mr. Harrigan sees a positive future for Sirius XM. Harrigan notes that "SIRI's product continues to resonate with consumers" and points to the recent Arbitron study and pre-announced Q4 subscriber gain of 257,000 as evidence of this. Pointing to t...