Stifel Nicolaus Comment On Sirius Call
May 2, 2006
Analyst Kit Spring of Stifel Nicolaus has come out with comments after the Sirius Satellite Radio Q1 Conference Call.
Stifel Nicolaus comments on Sirius Satellite (Nasdaq:
SIRI) after earnings.
The firm said overall SIRI beat financial and subscriber metrics, primarily due to the lingering positive impact of Howard Stern. Seasonally, they believe this is the time to buy satellite radio stocks. The firm continues to recommend a Buy rating on the stock but is lowering their price target from $8 to $7.50 on increased risk of XMSR missing subscriber guidance, that could drag down shares of SIRI.
via
streetinsider5/02/2006 01:28:00 PM
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