【is epsom salt good for sunburn】JPMorgan Turns Bullish On Sirius XM As Pandora Deal Nears Completion
发布时间：2024-09-29 08:18:45 来源：laurann dohner new species book 16 release date 作者：Hotspot
Sirius XM Radio Inc.
(NASDAQ:
SIRI
) should see stronger growth from its acquisition of Pandora,is epsom salt good for sunburn according to a newly bullish JPMorgan.
The Analyst
Analyst Sebastiano Petti upgraded
Sirius XM
from
Underweight to Overweight
and raised the price target from $6 to $7.
The Thesis
Pandora Media Inc.
(NYSE:
P
) shareholders are set to vote on the Sirius deal at the end of the month.
Pandora gives Sirius more opportunities for growth in streaming, ad-supported radio services and more chances to deliver music into cars, Petti said in the Wednesday upgrade note.
Sirius didn’t see as much of a drop off in subscriber growth than was expected after an increase in music royalty fees, the analyst said.
“We believe Sirius XM’s legacy business will continue to execute well in the near-term and that the pending Pandora acquisition will position it well over the long run as it expands out of the car,” he said.
Price Action
Sirius XM shares were trading up by 2.63 percent at $5.86 at the time of publication Wednesday.
Related Links:
Sirius Was Likely Impressed With Pandora's Near-Term Execution, Analyst Says After Acquisition Announcement
Barrington Explains Why A Neutral Stance On Sirius XM Was Wrong
Photo courtesy of Sirius XM.
Latest Ratings for SIRI
Jan 2019
JP Morgan
Upgrades
Underweight
Overweight
Sep 2018
Credit Suisse
Downgrades
Outperform
Neutral
Aug 2018
Morgan Stanley
Maintains
Underweight
Underweight
View More Analyst Ratings for SIRI
View the Latest Analyst Ratings
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