Pivotal Research lowered the firm’s price target on Sirius XM to $5.05 from $5.30 and keeps a Hold rating on the shares. The company reported Q4 subscriber and revenue results that were inline with forecasts with EBITDA and free cash flow moderately ahead, the analyst tells investors in a research note. The firm says Sirius XM remains a free cash flow growth/stock buyback story with stable to modestly growing revenue and EBITDA.
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