Citigroup Upgrades Sirius XM Holdings to Neutral, Lowers Price Target to $3.3
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jason Bazinet upgraded Sirius XM Holdings (NASDAQ:SIRI) from Sell to Neutral, while also lowering the price target from $4.1 to $3.3. This adjustment reflects a revised outlook on the company's stock, suggesting a more neutral stance on its future performance.
April 24, 2024 | 5:51 pm
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NEUTRAL IMPACT
Citigroup upgraded Sirius XM Holdings to Neutral from Sell and reduced the price target to $3.3 from $4.1, indicating a more neutral view on the stock's future performance.
The upgrade from Sell to Neutral by Citigroup suggests a less bearish outlook on Sirius XM Holdings, potentially stabilizing the stock's performance in the short term. However, the reduction in the price target to $3.3 reflects ongoing concerns about the company's valuation and growth prospects, which could temper any positive sentiment arising from the upgrade.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100