Sirius: Merrill Ups Rating; Sees "Imminent" Merger OK

Merrill Lynch’s Glen Campbell this morning raised his rating on Sirius Satellite Radio (SIRI) to Buy from Hold, while slightly trimming his price target to $2.70 from $2.80. Campbell says he expects “imminent approval” from the FCC for its pending merger with XM Satellite Radio (XMSR).