Wells Fargo downgraded Sirius XM with an underweight rating, reducing its price target from $5.00 to $4.50.

Wells Fargo & Company has given Sirius XM an underweight rating, reducing its price target from $5.00 to $4.50. This comes after several other analysts have recently commented on the company, with Citigroup increasing its price target from $3.60 to $4.10 and giving a sell rating, while StockNews.com set a hold rating. Bank of America reduced its price objective from $5.50 to $4.50, and Seaport Res Ptn lowered the rating from buy to neutral. Pivotal Research cut its price objective from $5.00 to $4.75. Sirius XM has an average rating of "hold" and an average target price of $4.98.

January 27, 2024
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