Seaport Research analyst David Joyce upgraded Liberty SiriusXM to Buy from Neutral with a $36 price target. The analyst cites the recent weakness in the shares for upgrading both Liberty SiriusXM and Sirius XM this morning. Both stocks “have declined on unrelenting selling pressure,” ahead of the June combination closing, the analyst tells investors in a research note. The fir says current trading levels have “fully eliminated” the net asset value discount.
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Read More on LSXMA:
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