This Warren Buffett Stock Has 22% Downside, According to 1 Wall Street Analyst
Sirius XM (NASDAQ: SIRI) has been an equity holding of Warren Buffett's investment vehicle Berkshire Hathaway for years. Not everything the star investor touches turns to gold, however, and the satellite radio broadcaster is poised to keep being an underperformer.
At least, that's the call of one prognosticator tracking Sirius XM's fortunes. He thinks the company's shares are a sell, as they're standing in front of a double-digit price decline.
On April 1, Wells Fargo analyst Steven Cahall drastically cut his price target on Sirius XM stock. He chopped it by 33%, reducing it to $3 per share. That's 22% below Sirius XM's most recent closing price, so at the risk of stating the obvious, Cahall rates the stock an underweight (i.e., sell).
Source Fool.com
Berkshire Hathaway Inc. A Aktie
Leichtes Buy-Überwiegen bei Berkshire Hathaway Inc. A im Vergleich zu Sell-Einschätzungen.
Das Kursziel von 650000 € für Berkshire Hathaway Inc. A weist auf ein leicht positives Potenzial gegenüber dem aktuellen Kurs von 605500.0 € hin.
