JPMorgan increased its price target for Sirius XM from $19 to $20 following modest refinements in growth and margin assumptions after the company reaffirmed its guidance.
- JPMorgan maintained its cautious "Underweight" rating, suggesting ongoing concerns about execution and valuation despite the target lift.
- The stock reacted positively to the news, closing up 1.63% at $21.78 on January 9th.