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SIRI - Liberty SiriusXM rides higher along with Sirius XM on Credit Suisse boost
Sirius XM Holdings Inc.
Liberty SiriusXM Group (LSXMA) is up 2.8% today as Credit Suisse upgraded the shares as part of its bullish note on Sirius XM (SIRI +4.4%). CS said share performance at Sirius XM hadn't kept up with increasing consensus estimates, alongside reports that a new deal was getting close between Sirius XM and Howard Stern. Analyst Brian Russo upgraded Liberty SiriusXM to Outperform from Neutral, and boosted its price target to $45 from $37, now implying 27% upside.