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SIRIUS XM Radio Inc. (NASDAQ:SIRI): Citigroup views the filings posted by the FCC Friday that show Liberty Media (LMCA) asking for de facto control of Sirius XM’s (NASDAQ:SIRI) licenses as positive for Sirius. Citi believes Liberty and Sirius are no longer on friendly terms and feels Liberty is working aggressively to accelerate the timing of legal control of Sirius. The firm keeps a Buy rating on Sirius shares with a $2.50 price target and a Neutral rating on Liberty Media.
Shire plc (NASDAQ:SHPGY): Deutsche Bank lowered its price target for Shire after the company’s Lialda date for the treatment of diverticulitis did not meet its primary endpoint. However, the firm keeps a Buy rating on the stock.
Cree Inc. (NASDAQ:CREE): Piper Jaffray raised its price target for Cree shares after its channel checks indicated broad-based improvement in LED lighting demand. The firm believes Cree is well positioned to benefit from the improving demand and keeps an Overweight rating on the stock.
Groupon Inc (NASDAQ:GRPN): Benchmark Co. attributes Groupon’s Q4 revision to greater refunds than anticipated and sees no change to the company’s business or market opportunity. The firm lowered its price target for shares to $28 from $32 citing heightened uncertainty but keeps a Buy rating on the stock.
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