Albert Fried & Company Sees Minimal Upside for Pandora Media

In a report published Wednesday, Albert Fried & Company analyst Rich Tullo reiterated an Underweight rating and $23.00 price target on Pandora Media P. In the report, Albert Fried & Company noted, “Pandora offers a great service and revenue growth potential. However, great Companies do not always offer attractive returns for equity investors. In this case given the roughly minimal upside to our $23 Target we think Pandora is a sell and the easy money was already earned by value investors.” Pandora Media closed on Tuesday at $28.25.