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Though bullish on Sirius XM's (SIRI -0.5%) business prospects, Morgan Stanley thinks the good...

Though bullish on Sirius XM's (SIRI -0.5%) business prospects, Morgan Stanley thinks the good news is now priced into both shares and analyst estimates. As a result, the firm recommends investors looking for exposure buy shares of Liberty Media (LMCA), which owns 40% of Sirius via convertible preferred stock. Morgan estimates Sirius accounts for 48% of LMCA's pre-tax net asset value. (previously)
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