Jacoby Weighs in on Satellite Radio
June 20, 2006
Satellite Standard Group keeps you informed.
Today Banc Of America analyst Johnathon Jacoby reiterrated his "BUY" rating on XM Satellite Radio, but lowered his price target to $22.00.
He also has lowered his price target on Sirius from $5.00 to $4.50
In the past Jacoby has taken a Market Cap value approach to the sector in setting price targets for Sirius and XM.
In the first quarter Jacobys opinion that Sirius at $5.00 was viable with XM at $30.00. Since then he has lowered targets on XM by 27% while lowering SIRI by 10%. It would appear that at least to some extent he has changed his opinion on Market Cap valuation of the equities.
6/20/2006 09:00:00 AM
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