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

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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

Sep 2016JP MorganAssumesNeutral
Aug 2016CitigroupMaintainsBuy
Jul 2016Telsey Advisory GroupInitiates Coverage onMarket Perform

View More Analyst Ratings for SIRI
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Posted-In: Benjamin Swinburne Morgan StanleyAnalyst Color Reiteration Analyst Ratings


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