OH NO: Sirus and XM Stocks Take a DIVE

Goldman slashes target deteriorating outlook for pay radioGoldman Sachs offered an even gloomier forecast for XM . Citing a dramatic slowdown subscriber growth, high debt , refinancing pressure and a shrinking trend in revenue per customer, Goldman analyst Mark Wienkes cut XM (XMSR) price target to $6.50 from $11.50 and reduced Sirius (SIRI) to $1.75 from $2.25. $1.75 price on Sirius assumes proposed mer er with XM is approved – on a stand alone basis, Wienkes values Sirius at $1.