Citigroup Maintains Sell on Sirius XM Holdings, Raises Price Target to $4.1
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jason Bazinet has maintained a Sell rating on Sirius XM Holdings (NASDAQ:SIRI) but increased the price target from $3.6 to $4.1.
January 12, 2024 | 8:22 pm
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NEGATIVE IMPACT
Citigroup maintains a Sell rating on Sirius XM Holdings but raises the price target from $3.6 to $4.1, indicating a potential downside from the current price level.
The Sell rating suggests that Citigroup believes SIRI's stock price may decline, but the raised price target implies a less bearish outlook than before. This could lead to short-term negative sentiment as the market digests the implications of a higher price target despite the Sell rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100