Bullet Point – Analyst Upgrade $3.50 Target From Lazard
These Bullet Points are quick news flashes provided to SiriusBuzz Premium members throughout any given day. The concept is simple. Get actionable news out to those that are serious about their SiriusXM investment. This is today’s second Bullet Point, but I decided to make it available to all.
Lazard Capital sees the Liberty media conference as being positive for both Liberty Media as well as SiriusXM. The firm has raised its price target on Liberty Media to $143 per share from $125, and its target on SiriusXM to $$3.50 from $3.25. Lazard joins analysts Jessica Reif Cohen and John Tinker in setting some price targets that imply great upside potential over the next year. Cohen has her target at $3.75 and Tinker is at $3.80.
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Spencer looks like your estimates were amongst the most conservative. I still stand by my call of $10 by 2015 since share buy backs + subs growth + new deals with used car dealers will do wonders to the stock price once SIRI passes $5 it will double in one year.
B of A raised from 3.75 to 4.00 earlier today
Link?
From in my TDAmeritrade Account –
Today’s News, October 11, 2012
12:47p
Bank of America Maintains Sirius XM Radio at Buy, Raises PO from $3.75 to $4 (Benzinga)