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Could June Auto Sales Help Sirius XM?

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FBR analyst Barton Crockett issued a note Wednesday reiterating his Outperform rating on Sirius XM (NASDAQ: SIRI), citing potential upside to the company's shares due to better-than-expected June auto sales.

Crockett noted that the current pace of auto sales may end up proving that FBR's SAAR assumptions of 15.8m-15.9m for Sirius XM are conservative. Additionally, Crockett pointed to self-paid subscriptions as an area for concern.

Shares of Sirius XM are up about 0.73 percent.

Latest Ratings for SIRI

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

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Posted-In: auto sales Barton Crockett FBR Capital MarketsAnalyst Color News Reiteration Analyst Ratings

 

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