Tuesday, November 14, 2006
Barrington Raises Target On Sirius
11/14/2006 : JAGNote by Barrington Research Associates, Inc. Par(JAGNotes.com 11/14 06:49:46)
SIRI: Raising Target - The firm noted they reaffirm its OUTPERFORM rating on SIRI.
Establishing a new targetprice of $6.50 for the stock. This target is based on the price level SIRI could reach over the next year while still providing about 20% compound annual growth through our price objective for 2010. Assuming Sirius` financial performance meets our objectives, it seems likely to us that additional upside would be available as growth continues from a then-profitable base.
11/14/2006 07:00:00 AM
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