Standard & Poor raises Sirius XM Radio (Nasdaq:SIRI) 1y Target Est to $1.00
Standard & Poor who last estimated that Sirius XM Satellite Radio ( Nasdaq : SIRI ) would be sitting at $.50, has raised the one year target estimate to $1.00. A bold move, considering SIRI is already past their previous target. Sirius raised rating should mean that there will be less Volatility and more of an upward trend. Do not quote this.
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The debt issues are mainly behind Sirius XM Satellite Radio so at least investors can look towards the future. It is however, important to note that while Standard & Poor raised their target estimate they maintained their hold rating. They predict Sirius Radio’s SIRI will have an upward trend but not enough to warrant a buy. Nobody of course, should be saying when to buy or sell, as it really just messes up the market anyway.
Sirius XM Satellite Radio ( Nasdaq : SIRI ) sitting at .66 at the time of writing, down 5% over the past five days.
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Comment by DiscoFinance on 2 September 2009:
There is a DVD movie out about the whole Sirius XM/Mel K. story called: Stock Shock. Very good flick and explains stock market manipulation as well. Stock Shock is at amazon.com and stockshockmovie.com