Seaport Research believes the recent “sell-on-the-news” for the stock is an “overblown reaction,” the analyst tells investors. The firm reaffirms its price target and rating on the stock given the improving subscriber base, audio advertising share gains, and somewhat better free-cash-flow guidance. Seaport continues to believe Sirius XM (SIRI) shares are attractive for long-term, value-oriented, and income investors.
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