CRT Capital Group Lowers Target On Sirius (With A Caveat *)
CRT Capital, the group that lowered their rating on XMSR on August 22, has done the same with Sirius.
Before reading the XM note, I had never heard of CRT, so I checked them out, and found that they have just four analysts (
LINK), none with apparent expertise in media, or investment banking for that matter, so I am taking their comments with a grain of salt!
(*) : I just got a comment from a credible source that CRT Capital has a short position in Sirius stock. A conflict of interest, perhaps...?
Sirius Satellite Radio-SIRI reiterate Sell, target
lowered@CRTC(theflyonthewall.com 08/29 09:39:27)
The firm lowered its target to $3 from $4, as they believe the company's pricing poweris maximized at 15%.
8/29/2006 11:51:00 AM
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