JP Morgan Reinstates Underweight on Sirius XM Holdings, Announces $20 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Sebastiano Petti has reinstated an Underweight rating on Sirius XM Holdings with a $20 price target.
October 09, 2024 | 1:13 pm
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JP Morgan analyst Sebastiano Petti has reinstated an Underweight rating on Sirius XM Holdings, setting a $20 price target. This suggests a bearish outlook on the stock.
The reinstatement of an Underweight rating by a major financial institution like JP Morgan typically indicates a negative outlook on the stock. The $20 price target suggests that the analyst expects the stock to underperform relative to the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100