Seaport Research 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 firm says current trading levels have “fully eliminated” the net asset value discount.
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