Deutsche Bank Upgrade Sends Sirius XM Shares Higher in Pre-Market Trade
Sirius XM shares rose 3.1% in pre-open trading after Deutsche Bank upgraded the stock from Hold to Buy and increased its price target to $45 from $31. The upgrade coincides with recent quarterly results showing $2.16 billion in revenue, nearly 50% year-over-year free cash flow growth, record-low self-pay subscriber churn and a raised full-year reve…