Wednesday, January 10, 2007
CitiGroup Raises Price Target on XM
January 11, 2007
Citigroup analyst Eileen Furukawa lifted her 12-month price target on XM Satellite Radio to $21 from $16 a share today.
In the analysts bote, she cited that she felt an increasing numbers of customers who buy cars and trucks equipped with XM radios are likely to sign up for the service. She also stated that she sees the possibility of a merger with Sirius Satellite Radio as offering support on the downside, which would help limit risk.
1/10/2007 09:13:00 AM
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