Rosenblatt Maintains Neutral on Sirius XM Holdings, Adjusts Price Target To $28 (1:10 reverse stock split)
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Barton Crockett maintains a Neutral rating on Sirius XM Holdings and adjusts the price target to $28 from $3.4, reflecting a 1:10 reverse stock split.
September 16, 2024 | 4:08 pm
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Rosenblatt analyst Barton Crockett maintains a Neutral rating on Sirius XM Holdings and adjusts the price target to $28 from $3.4, reflecting a 1:10 reverse stock split.
The adjustment in the price target from $3.4 to $28 is due to a 1:10 reverse stock split, which is a technical adjustment rather than a change in the company's valuation. The Neutral rating suggests no expected significant short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100