Market Overview

Morgan Stanley Sees Low Long-Term Visibility for Sirius XM Holdings

Share:
Related SIRI
Deutsche Bank Increases SiriusXM Price Target By A Dime
Investors: Watch These Media Stocks In The Heat Of Earnings Season
Summer Stocks for Your Portfolio (Fox Business)

In a report published Wednesday, Morgan Stanley analyst Benjamin Swinburne reiterated an Equal-Weight rating and $3.50 price target on Sirius XM Holdings (NASDAQ: SIRI).

In the report, Morgan Stanley noted, “While we believe SIRI's '14 subscriber guidance is conservative, longer term visibility is low in both used car take rates and the impact of more rapid new vehicle turnover. Trimming long-term sub growth modestly and remaining EW as SIRI's ~19x '14E EBITDA multiple reflects full expectations.”

Sirius XM Holdings closed on Tuesday at $3.58.

Latest Ratings for SIRI

DateFirmActionFromTo
May 2015CitigroupMaintainsBuy
Apr 2015Deutsche BankMaintainsHold
Mar 2015Goldman SachsInitiates Coverage onNeutral

View More Analyst Ratings for SIRI
View the Latest Analyst Ratings

Posted-In: Benjamin Swinburne Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

Related Articles (SIRI)

Around the Web, We're Loving...

Get Benzinga's Newsletters