UPDATE: Susquehanna International Group Reiterates on Pandora Media on Bullish Outlook Ahead of F3Q:14 Results
In a report published Tuesday, Susquehanna International Group analyst Brian Nowak reiterated a Positive rating on Pandora Media (NYSE: P), and raised the price target from $30.00 to $36.00.
In the report, Susquehanna International Group noted, “We are bullish on P into F3Q:14 results on Thursday, November 21 and are raising our FY'14 ad ests by 1% ($6mn). We believe P is making faster-than-expected traction in the local radio markets and our audio ad load math highlights the potential for more upside.”
Pandora Media closed on Monday at $31.56.
Latest Ratings for P
|Sep 2014||Topeka Capital||Initiates Coverage on||Hold|
|Jul 2014||JP Morgan||Maintains||Overweight|
|Jun 2014||Morgan Stanley||Assumes||Equal-weight|
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