Sirius XM price target lowered to $5 from $5.50 at Barrington

Barrington analyst James Goss lowered the firm’s price target on Sirius XM to $5 from $5.50 and keeps an Outperform rating on the shares following the Q1 report. The company is investing in content and product enhancements while 360L penetration growing, the analyst tells investors in a research note. The firm expects Sirius XM’s capital expenditure headwind to ease over the coming years.