BofA lowered the firm’s price target on Sirius XM (SIRI) to $21 from $23 and keeps an Underperform rating on the shares after the company reported moderately better than projected Q4 results, but maintained recently issued guidance for 2025 that includes year-over-year revenue and EBITDA declines. In addition, the firm believes that Sirius’ subscriber results will be challenged in 2025 given several subscriber headwinds, the analyst tells investors.
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