Argus Research Upgrades Sirius To Buy From Sell, Price Target Of $8
August 21, 2006
Argus Research (
www.argusresearch.com), August 19th, 2006:
"We are upgrading Sirius Satellite Radio from SELL to BUY, raising target price from $3.75 to target price of $8. Sirius reported strong revenue growth in the second quarter, and just as importantly, the rise in costs slowed. We are adjusting our loss estimates to $0.87 per share from $0.88 for 2006 and to $0.53 from $0.52 for 2007."
8/21/2006 07:19:00 AM
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