Voices » Glen Campbell http://voices.allthingsd.com from other Web sites Tue, 24 Nov 2009 01:48:39 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 http://allthingsd.com/theme/images/logo-rss.jpg All Things Digital http://allthingsd.com/ 144 22 Sirius: Merrill Ups Rating; Sees "Imminent" Merger OK http://voices.allthingsd.com/20080701/sirius-merrill-ups-rating-sees-imminent-merger-ok/ http://voices.allthingsd.com/20080701/sirius-merrill-ups-rating-sees-imminent-merger-ok/#comments Tue, 01 Jul 2008 17:57:32 +0000 Eric Savitz http://voices.allthingsd.com/?p=1809 By Eric Savitz, Blogger and Columnist, Barron’s, Tech Trader Daily

Merrill Lynch’s Glen Campbell this morning raised his rating on Sirius Satellite Radio (SIRI) to Buy from Hold, while slightly trimming his price target to $2.70 from $2.80. Campbell says he expects “imminent approval” from the FCC for its pending merger with XM Satellite Radio (XMSR). Campbell says the upgrade reflects the recent decline in the stock and the upbeat post-merger guidance the company provided yesterday. The company sees $400 million in merger synergies, positive free cash flow before satellite cap ex and $300 million in EBITDA before stock compensation.

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