By Demian Russian
BGB Securities Media Analyst Murray Arenson will be discussing his thoughts on Sirius XM Radio (NASDAQ:SIRI) during an exclusive, live interview with Playground Radio tonight, Wednesday, May 11th, 2011, at 8:00 pm Eastern. Within days after Murray Arenson recently reiterated his BUY rating and raised his price target from $2.00 to $2.40 on Sirius XM, the stock touched his new price target intraday earlier today.
Following previous coverage of Sirius XM while at Janco Partners, Arenson initiated coverage of Sirius XM for BGB Securities in March of 2010 with a BUY rating and a $1.15 price target. Arenson then raised his price target to $1.35 on May 5th, 2010 on the heels of Sirius XM’s 2010 Q1 results. Arenson again reiterated his BUY rating and $1.35 price target on August 5th, 2010 following Sirius XM’s 2010 Q2 results. On October 14th, 2010, Arenson raised his price target from $1.35 to $1.50, but downgraded his rating from BUY to HOLD due to valuation concerns. Following Sirius XM’s Q4 2010 results, Arenson upgraded his rating back to BUY and raised his price target to $2.00 and then reiterated that BUY rating while moving his price target to $2.40 following Sirius XM’s Q1 2011 results.
Murray Arenson, BGB Securities Media Analyst
Murray Arenson has covered the Media and Media Technology Industries for more than twelve years and worked for Nielsen Media Research, the media industry’s leading research company, prior to joining the financial ranks. Mr. Arenson is a two-time Wall Street Journal All-Star Analyst, including a ranking as the Number One analyst in the Cable and Entertainment industry and a position on the Wall Street Journal’s Home-Run Hitters Team (ranking No. 4 among analysts in all industries with highest portfolio returns).
Mr. Arenson has been widely quoted in trade, financial, and general media, including CNBC, Investor’s Business Daily, New York NewsDay, Los Angeles Times, Bloomberg News, Cable World and MultiChannel News. Mr. Arenson was previously an analyst with Ferris, Baker Watts, Inc. Prior to that, he was the President of Mosaic Equity L.L.C., an independent research firm serving institutional investors. He has also been an analyst with Morgan Keegan & Company, Hoak Breedlove Wesneski & Co., and Rauscher Pierce Refsnes, Inc. Mr. Arenson received an M.B.A. from Southern Methodist University and a B.A. from Washington University.
Murray Arenson will be interviewed this evening by Satellite Radio Playground’s Demian Russian. Following this week’s special guest interview with Mr. Arenson, Spencer Osborne from SiriusBuzz and Seeking Alpha author Cameran Kaine will be joining the round table discussion on all of the latest happenings in the world of Sirius XM Satellite Radio. Listeners are welcome to call in and join the live discussion by dialing (347) 934-0239. Playground Radio airs live every Wednesday night at 8:00 pm Eastern. Previous episodes of Playground Radio, including previous interviews with Murray Arenson, are available for streaming or downloaded. More information about Playground Radio, including an updated schedule can be found at the Playground Radio Home Page. Tonight’s episode will be available to be streamed live at 8:00 pm Eastern via the following link:
Disclosure: Long SIRI
Contact the author: DemianRussian@SatelliteRadioPlayground.com
