Benzinga reported that Morgan Stanley has increased it price target on SIRI from 2.30 to 2.40. The “genius” analyst at Morgan Stanley cited higher auto sales and says he prefers LMCA over SIRI, to gain exposure to SIRI. I say “genius” because there is nothing like an analyst increasing a price target two weeks after the...
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The parade of fools is at it again. In keeping with tradition, another analyst crawled out from under a rock today, to initiate coverage of SIRI with a price target below its current level, and prior to the company’s earnings release. I don’t often call any analyst an idiot, but every so often one...
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Morgan Stanley Downgrades SIRI from over weight to equal weight, Raises Price Target from $2.00 to $2.30 … more to come I became interested in technical analysis while employed at Morgan Stanley. At the time, I became convinced that the brokers were being used to manipulate the markets to the benefit of the institutional and investment...
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The self-proclaimed Duke of all things SIRI must be in absolute shock this morning, after pounding the table for two weeks about the importance of the independent research analysts that weigh in on Sirius XM Radio as part of the Jaywalk Consensus report. The Jaywalk Consensus was updated this morning, with one analyst moving from hold to buy, and two...
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Earlier this month, I suggested that investors keep a close eye on shares of Bank of America, predicting a fall below the $5.00 mark that will take the HFT trade off of SIRI and onto BAC. On Monday, BAC closed down $0.21 to finish at $4.99, while shares of SIRI rose $0.04 to close at $1.81. Just...
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On December 9, Citi initiated coverage of Sirius XM Radio to BUY with a $2.20 price target. The news was met with a surge in short volume that kept the stock price in check. Yesterday, another low volume day occurred, yet the percentages of short volume are staggering, and made more perverse by another apparent...
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