Morgan Stanley Reinstates Underweight on Sirius XM Holdings, Announces $23 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Cameron Mansson-Perrone has reinstated an Underweight rating on Sirius XM Holdings with a $23 price target.
September 24, 2024 | 11:02 am
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NEGATIVE IMPACT
Morgan Stanley has reinstated an Underweight rating on Sirius XM Holdings, setting a price target of $23. This suggests a bearish outlook from the analyst.
The Underweight rating and the specific price target of $23 from a major financial institution like Morgan Stanley can influence investor sentiment negatively, potentially leading to a short-term decline in SIRI's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100