Outerwall (NASDAQ:OUTR): Wedbush added Outerwall to the Best Ideas List ahead of catalysts that include a strong slate of DVD releases, Redbox expansion in Canada, a mix shift toward higher-priced Blu-ray DVDs, and increased video game rentals. The shares are Outperform rated with a $78 price target.
Broadcom (NASDAQ:BRCM): Piper Jaffray has lowered its estimates and price target for Broadcom to $34 from $47, citing the mix shift in smartphones to the low end, which the firm believes will continue to pressure the company’s revenue growth. It keeps an Overweight rating on the stock.
Viacom (NYSE:VIAB): Needham has downgraded Viacom based on valuation, ratings weakness, lower earnings revisions due to a weaker entertainment segment, and higher interest expense, as well as a pushback on affiliate fee growth. The shares are now rated Hold, down from Buy.
Sirius XM (NASDAQ:SIRI): Citigroup has raised its price target for Sirius XM to $4.50 from $3.60 based on expectations that the company’s subscriber ads can increase in 2015 — and beyond — from the growing pool of used cars with Sirius hardware. The firm expects Sirius to use its free cash flow to retire shares and keeps a Buy rating on the stock.
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