Market Overview

Could June Auto Sales Help Sirius XM?

Share:
Related SIRI
3 Stocks Hitting the Right Note on World Music Day
Sirius XM Downgraded To 4.5 Stars By Vetr
The Vetr community has upgraded $SIRI to 5-Stars. (Vetr)

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
Apr 2017Morgan StanleyDowngradesEqual-WeightUnderweight
Mar 2017BarclaysDowngradesOverweightEqual-Weight
Mar 2017WunderlichDowngradesBuyHold

View More Analyst Ratings for SIRI
View the Latest Analyst Ratings

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

 

Related Articles (SIRI)

View Comments and Join the Discussion!