B of A Securities Reinstates Underperform on Sirius XM Holdings, Announces $23 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Jessica Reif Cohen has reinstated an 'Underperform' rating on Sirius XM Holdings with a price target of $23.
October 24, 2024 | 12:05 pm
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NEGATIVE IMPACT
B of A Securities has reinstated an 'Underperform' rating on Sirius XM Holdings, setting a price target of $23. This suggests a bearish outlook on the stock.
The 'Underperform' rating indicates that the analyst expects Sirius XM Holdings to perform worse than the market or its peers. The $23 price target suggests limited upside potential, which could lead to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100