Wells Fargo Maintains Underweight on Sirius XM Holdings, Lowers Price Target to $2.5
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Steven Cahall has maintained an Underweight rating on Sirius XM Holdings (NASDAQ:SIRI) and reduced the price target from $3 to $2.5.
May 01, 2024 | 6:10 pm
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Wells Fargo has maintained an Underweight rating on Sirius XM Holdings and lowered the price target from $3 to $2.5.
The reduction in price target by a significant financial institution like Wells Fargo, combined with the maintenance of an Underweight rating, suggests a bearish outlook on the stock. This could lead to a negative short-term impact on Sirius XM Holdings' stock price as market participants adjust their expectations based on this new analyst rating and price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100