Wednesday, April 18, 2007
UBS Comments On Sirius
Sirius Satellite Radio "neutral," target price reduced
UBSNEW YORK, April 18 (newratings.com) - Analyst Lucas Binder of
UBS maintains his "neutral" rating on Sirius Satellite Radio Inc (
SIRI.NAS), while reducing his estimates for the company. The target price has been reduced from $4.00 to $3.50.In a research note published this morning, the analyst mentions that the company’s 1Q07 EPS is likely to have grown by 65% y/y. Although Sirius Satellite Radio’s results for the quarter are unlikely to be impressive, they are expected to be in-line to marginally ahead of the consensus, the analyst adds. The EPS estimate for 2007 has been reduced from -$0.45 to -$0.46.
4/18/2007 03:00:00 PM
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