Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Markets & Finance

Lehman Ups Sirius Satellite to Overweight

From Standard & Poor's Equity Research

Lehman Brothers upgraded Sirius Satellite Radio (SIRI) to overweight from equal-weight, explaining that the stock has traded down in sympathy with XM Satellite Radio Holdings (XMSR) for no justifiable reason.

Analyst Vijay Jayant doesn't think the move was justified because material XM Satellite headlines have been company-specific, not sector-general. He says the headlines that have hurt XM Satellite have not changed his long term view of the satellite radio industry. He believes weakness has created buying opportunity, and he would be an aggressive buyer of both satellite stocks at these levels. He raises his stock price target to $6.50.

blog comments powered by Disqus