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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.

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

 

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