Albert Fried & Company Reiterates Overweight Rating, $13 PT on Pandora Media

In a report published Monday, Albert Fried & Company reiterated its Overweight rating and $13.00 price target on Pandora Media

. Albert Fried & Company noted, “Pandora offers a great service and has a strong revenue growth potential. However, we think great Companies do not always offer attractive returns for equity investors. However, given the roughly 30% upside to our $13 Target we think Pandora is a great company and perhaps its shares are a good trade over the next 12 to 18 months.” Pandora Media closed on Friday at $10.50.