Citigroup Downgrades Sirius XM Holdings to Sell, Announces $2.8 Price Target
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jason Bazinet has downgraded Sirius XM Holdings (NASDAQ:SIRI) from Neutral to Sell and set a price target of $2.8.

July 25, 2024 | 11:46 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Citigroup analyst Jason Bazinet has downgraded Sirius XM Holdings from Neutral to Sell and set a price target of $2.8.
The downgrade from Neutral to Sell by a major financial institution like Citigroup is likely to negatively impact investor sentiment and lead to a short-term decline in the stock price. The new price target of $2.8 is significantly lower than the current trading price, which could further pressure the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100