Evercore ISI analyst Vijay Jayant lowered the firm’s price target on Liberty SiriusXM (LSXMA) to $43 from $46 and keeps an Outperform rating on the shares. The discount to net asset value, or NAV, has improved somewhat since last fall, but "remains stubbornly high" near 36%, the analyst tells investors, citing a lower target price for Sirius XM (SIRI) and a 20% target discount to NAV for the firm’s lowered target for Liberty SiriusXM.
Published first on TheFly
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Read More on LSXMA:
- Liberty SiriusXM CEO buys $1.34M in common stock
- Liberty SiriusXM price target lowered to $58 from $67 at Deutsche Bank
- Liberty SiriusXM price target lowered to $46 from $62 at Citi
- Liberty Sirius XM price target lowered to $44 from $57 at Pivotal Research
- Liberty SiriusXM reports Q4 revenue $2.28B, consensus $2.32B
