Sirius XM price target adjusted to $32.50 at Evercore ISI for merger closing

Evercore ISI adjusted the firm’s price target on Sirius XM to $32.50 from $3.25 and keeps an In Line rating on the shares after updating the firm’s model to reflect the closing of the merger of Liberty Sirius XM and Sirius XM that was completed on September 9. The Split-Off and Merger transactions created a new public company which will operate under the Sirius XM name and will trade under the ticker symbol “SIRI” on the Nasdaq, the analyst noted.