S&P's Tuna Amobi has raised his price target on Sirius XM radio (NASDAQ:SIRI) from $2.00 to $2.50 and maintains his buy rating on the equity. The analyst saw SIRI Q1 numbers as in line with expectations, but the key take away according to Amobi is a price increase possibility later this year and the unveiling of Satellite Radio 2.0. Also noted by the analyst is the fact that the impact from the disaster in Japan will be minimal to Sirius XM.
Sirius XM conducted their Q1 conference call today, and analysts reports should begin flowing over the next 48 hours.
Position - Long Sirius XM Radio