Market Overview

UPDATE: Morgan Stanley Reiterates Pandora at Equal-Weight; Competitive Positioning Not at Risk

Share:
Related P
What's To Like About Pandora's Latest Earnings?
Pandora...The Day After
Apple's music service talks spark antitrust concerns (Investor's Business Daily)

Morgan Stanley reiterated an Equal-weight rating on Pandora (NYSE: P) as it believes the company's positioning is not at risk given barriers to new entrants in its space.

Morgan Stanley noted, "Recent speculation about established technology companies entering streaming music has sparked concerns about Pandora's competitive positioning. We identify several key challenges for potential entrants and believe Pandora's best-in-class service / distribution could help it remain on top. ... The level of interactivity in a digital music service dictates its content cost structure. Interactive services play songs on-demand, but must negotiate costs with record labels. Non-interactive services like Pandora typically pay lower content costs, but must abide by strict service limitations."

Pandora closed at $10.96 on Thursday.

Latest Ratings for P

DateFirmActionFromTo
Apr 2015Pacific CrestMaintainsOverweight
Apr 2015AxiomInitiates Coverage onHold
Mar 2015CRT CapitalUpgradesFairly ValuedBuy

View More Analyst Ratings for P
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Reiteration Intraday Update Analyst Ratings

 

Related Articles (P)

Around the Web, We're Loving...

Get Benzinga's Newsletters