Wednesday, September 06, 2006
Analyst Comments On XMSR SEC Inquiry
This will be updated throughout the day:
Oppenheimer:
XM Satellite-XMSR SEC opens informal inquiry into sub
tgts-Buy@OPCO - The(theflyonthewall.com 09/06 07:56:07)firm believes shares will pull back over concerns of another inquiry. Firmcontinues to view shares of XMSR as a value play but prefers SIRI.
Citigroup:
XM Satellite-XMSR SEC inquiry an overhang, no new fundamental
issues-Buy@SBSH(theflyonthewall.com 09/06 07:11:24)- Citigroup believes the inquiry will pressure shares, but they note thatshares are already "depressed" and no new fundamental issues were uncovered.The broker maintains a $16 target.
DeutcheBank
XM Satellite Radio-XMSR SEC inquiry not a material
negative-Buy@DBAB - The(theflyonthewall.com 09/06 08:50:36)firm said that most shareholders are already aware of most of the issues.
9/06/2006 08:35:00 AM
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