Sirius XM�s stock got a nice boost last Friday after a brokerage upgraded the stock. This followed the company disappointing some investors with lower-than-expected subscriber additions in the third quarter.
Nevertheless, the general sentiment among analysts, as well as the state of economy, suggest that Sirius is positioned to build on its success so far. Most encouraging is that car makers like Ford and General Motors have reported improved sales in October, a trend that might carry on in the holiday season as a result of a possibility of continued improvement in the U.S. economy.
See our full analysis for Sirius XM
Our price estimate for Sirius XM stands at $2.11, implying a premium of about 25% to the market price.
Wall Street journal, Nov 2 2011 [?]
Like our charts? Embed them in your own posts using the Trefis WordPress Plugin.
No comments:
Post a Comment