Analyst Comments: CRCT Capital On XMSR (Pre-Market Yesterday)

I was traveling, but for the record, CRT Capital came out with this before the market opening YESTERDAY (Wednesday):

XM Satellite Radio-XMSR reiterate Sell, target lowered
(theflyonthewall.com 08/23 08:56:04)

The firm lowered its target to $8 from $10 as they believe the markets estimate for "all in churn" for the next few years is too aggressive. The firms year-end subscriber estimates for 2007-2009 are 9.9M/11.6M/13.3M vs. the Streets estimates of 10.6M/13M/15.5M, respectively.

8/24/2006 01:13:00 AM

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