J.P. Morgan Neutral On SIRI Ahead of Earnings

Analysts at J.P. Morgan are Neutral on shares of Sirius XM Radio (SIRI) ahead of earnings with a price target of $1.05. In its report, J.P. Morgan cited valuation remaining a challenge, that "Although we think there’s a lot to like in the story and the execution, valuation remains a concern." Sirius XM Radio Inc. provides satellite radio services in the United States and Canada. The company offers a programming lineup of approximately 135 channels of commercial-free music, sports, news, talk, entertainment, and traffic and weather.