SIRIUS XM Radio Inc. (NASDAQ: SIRI) may have some fresh love on word that John Malone may be taking a larger stake in the satellite radio provider and on the launch of an Ozzy channel.. An official upgrade is helping out so far on Tuesday. The B/D firm called Miller Tabak raised its rating to “Buy” from “Neutral” and the price target was put at $2.20 on the stock. SIRIUS XM shares are trading higher by 3% at $1.91 in active trading of more than 15 million shares after just 17 minutes of trading.
SIRIUS XM Scores Analyst Upgrade (SIRI)
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Jon C. Ogg
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About the Author
Jon C. Ogg →
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
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