Sirius Satellite Radio "buy"

06/10/05 - Legg Mason

NEW YORK, June 10 (newratings.com) - Analysts at Legg Mason maintain their "buy" rating on Sirius Satellite Radio Inc (SIRI). The target price is set to $7.

In a research note published this morning, the analysts mention that the company's churn rate remains very low. Sirius Satellite Radio's contract with Daimler Chrysler is already into an extended period, the analyst says. According to Legg Mason, the company is planning to launch a portable radio before the summer holidays.