Goldman Sachs Upgrades Sirius XM Holdings to Neutral, Lowers Price Target to $3.25
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Stephen Laszczyk upgraded Sirius XM Holdings (SIRI) from Sell to Neutral, while also lowering the price target from $3.5 to $3.25.
May 01, 2024 | 9:37 am
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POSITIVE IMPACT
Goldman Sachs upgraded Sirius XM Holdings to Neutral from Sell, with a reduced price target of $3.25 from $3.5.
The upgrade from Sell to Neutral by Goldman Sachs suggests a less bearish outlook on SIRI, potentially leading to increased investor confidence and stability in the stock's price. However, the reduction in the price target to $3.25 indicates a cautious view on the stock's value, which might temper some of the positive impact of the upgrade.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100