SATWAVES

BGB Securities’ Murray Arenson Initiates Sirius XM (SIRI) Coverage With A Buy Rating

by Demian Russian BGB Securities Media Analyst, Murray Arenson initiated coverage of Sirius XM (NASDAQ:SIRI) today with a BUY rating and a $1.15 price target. In his report, Mr Arenson argues that Sirius XM "is now a solid cash flow growth story." He notes positive subscriber growth, an improving OEM sector, penetration into the pre-owned auto market, incremental revenue from royalty pass-throughs, cost-cutting merger related synergies and a "substantially improved" balance sheet. Arenson ...

Barrington’s Jim Goss Raises Sirius XM (SIRI) Price Target

by Demian Russian In a research note issued on the heels of Sirius XM's (Nasdaq: SIRI) Q4 earnings report, Jim Goss of Barrington Research remains bullish on the Satellite Radio provider. Maintaining his OUTPERFORM rating on shares of Sirius XM, the analyst upgraded his target price from $1.10 to $1.25, citing "positive developments that include greater recognition of its improving fundamentals on the part of both equity and fixed income observers." In the report, Mr. Goss discusses Si...

Exclusive: RBC Capital’s David Bank To Weigh In On Sirius XM (SIRI)

by Demian Russian RBC Capital Markets Global Media Analyst, David Bank will be discussing Sirius XM (Nasdaq: SIRI) in an exclusive, live interview on tonight's Satwaves Radio Show at 9:00pm EST, Feb. 24th. On the eve before the Satellite Radio provider's Q4 earnings call, Mr. Bank will be discussing his thoughts on the company's pre-announced metrics as well as what he will be looking for in the Q4 results and conference call, scheduled for 8:00am EST tomorrow morning. Satwaves will be presen...

Wunderlich Securities’ Matthew Harrigan Hints at Sirius XM (SIRI) Price Target Upgrade

by Demian Russian In a research note issued today, Wunderlich Securities' Media & Entertainment Analyst, Matthew Harrigan weighs in on Sirius XM's (NASDAQ: SIRI) rise over his initial $1.00 price target, which he "will reassess after next week's earnings release." Mr. Harrigan hints that his price target may likely be upgraded. "Moving our auto sales unit run rate to 11.5 mm from 11.0 mm, about in line with automotive analyst consensus, would bump our price target to $1.25", he hypoth...

Satwaves Radio to Interview Professor of Law, Antony Page Live Tonight at 9:00PM EST

by Demian Russian Satwaves Radio will be conducting an exclusive live interview with Indiana University School of Law Professor of Law, Antony Page tonight at 9:00 PM EST. An expert in Securities Regulation, Professor Page will be discussing the Nasdaq's recently updated rules, as well as the hearing and appeal processes for non-compliant companies. Professor of Law, Antony PageAntony Page is a Professor of Law at Indiana University School of Law in Indianapolis. He primarily teaches and...