Market Overview

UPDATE: Wedbush Downgrades Pandora Media to Neutral on Valuation, Competitive Uncertainty

Share:
Related P
Benzinga's M&A Chatter for Thursday August 27, 2015
MKM On Pandora: 'We Would Be Long' Into Year End
The Zacks Analyst Blog Highlights: Amazon.com, Google, Stamps, Pandora and Travelport Worldwide (Zacks)

Wedbush downgraded Pandora Media (NYSE: P) from Outperform to Neutral and raised the price target from $10.00 to $11.50.

Wedbush said, "We do not see significant room for price appreciation due to a lack of nearterm profitability and continuing uncertainty about competition. Pandora shares have traded up significantly in value since mid-November, despite lowered FY:13 guidance in December, with key headwinds remaining unresolved. Shares have likely benefitted from recent positive reports from Google and Netflix."

Pandora Media closed at $11.59 on Monday.

Latest Ratings for P

DateFirmActionFromTo
Aug 2015MKM PartnersMaintainsBuy
Jul 2015Albert Fried & Co.UpgradesMarket PerformOverweight
Jul 2015OTR GlobalDowngradesPositiveMixed

View More Analyst Ratings for P
View the Latest Analyst Ratings

Posted-In: WedbushAnalyst Color Downgrades Analyst Ratings

 

Related Articles (P)

View Comments and Join the Discussion!

Get Benzinga's Newsletters