Hot off the Wires: XMSR Target Price $31 at Morgan Stanley

June 6, 2006

XM Satellite Radio-XMSR at current prices, stock is attractive-reit overweight(theflyonthewall.com 06/06 07:06:03)

The firm is of the belief May and June's retail sales figures will improve and in the L-T, XMSR will be able to achieve a positive free cash flow. Congress's new legislation, which would change programming costs the company pays to record labels is the largest risk they face over the upcoming year. The firm increased their 2006/08 EPS estimates. Target price $31

6/06/2006 07:44:00 AM

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