Citigroup downgraded Liberty SiriusXM Group's rating to "neutral" and lowered price target to $28.

Citigroup downgraded Liberty SiriusXM Group's (NASDAQ: LSXMA) rating from "buy" to "neutral" and lowered the price target from $35.00 to $28.00. LSXMA reported earnings of $0.53 per share for the quarter on revenue of $2.29 billion. Institutional investors, including Berkshire Hathaway, Vanguard, GABELLI & Co, Alpine Global Management, and Lazard Asset Management, have recently invested or increased holdings in the company.

April 28, 2024
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