Thursday, November 11, 2004

Sirius Satellite (SIRI) 3.96
+0.11
(+2.9%) Satellite radio provider is started with an Outperform rating at CIBC; Firm also assigns a $6.50 price target, a 69% premium to SIRI's closing price today; Stock was actively traded in the regular session off Howard Stern's ramblings that 'Viacom is trying to get Sirius to pay off my contract... then I would leave early 'cause Sirius is anxious to get the show started;' Sirius recently reported a Q3 (Sept) earnings miss, but that did not stall the stock as investors remained convinced of its growth prospects

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