There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on EW Scripps (NASDAQ:SSP) and Liberty Media Corporation Series A Liberty SiriusXM Common Stock (NASDAQ:LSXMA) with bullish sentiments.
EW Scripps (SSP)
In a report released yesterday, Michael Kupinski from Noble Financial reiterated a Buy rating on EW Scripps, with a price target of $20. The company’s shares closed yesterday at $16.19.
According to TipRanks.com, Kupinski is ranked 0 out of 5 stars with an average return of -3.7% and a 45.5% success rate. Kupinski covers the Services sector, focusing on stocks such as Salem Communications Corp, 1-800 Flowers.com, and McClatchy Company.
EW Scripps has an analyst consensus of Moderate Buy, with a price target consensus of $18.33.
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Liberty Media Corporation Series A Liberty SiriusXM Common Stock (LSXMA)
In a report released today, Jeffrey Wlodarczak from Pivotal Research reiterated a Buy rating on Liberty Media Corporation Series A Liberty SiriusXM Common Stock, with a price target of $62. The company’s shares closed yesterday at $43.13.
Wlodarczak said:
“We updated our LSXMA sum-of-the-parts valuation methodology for the reduction in our YE’19 SIRI target price reduction from $7.75 to $7.25. Please refer to our SIRI note published today for the detailed logic around the SIRI target price reduction. LSXMA’s discount to NAV has remain unchanged since our last note published in conjunction with 2Q results at -28% or approx. $5.7B, despite the fact that Liberty management has shown an historic ability to drive these discounts to zero.”
According to TipRanks.com, Wlodarczak is a 4-star analyst with an average return of 8.9% and a 62.1% success rate. Wlodarczak covers the Services sector, focusing on stocks such as Charter Communications, Sirius XM Holdings Inc, and Liberty LiLAC Group.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Liberty Media Corporation Series A Liberty SiriusXM Common Stock with a $65 average price target.
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