Market Overview

Bearish Pandora Analyst Calls Deal With Microsoft A 'Fairy Tale,' Recalls Prior McAndrews Deal

Share:
Related MSFT
S&P 500 Index Futures Well Off Highs Of The Session
Microsoft Turning Over Ad Business to AOL, Map Technology To Uber
Properly Accounting For Earnings And Capital Expenditures In The Tech Sector (Seeking Alpha)
Related P
Albert Fried Expects Pandora Shares To 'Shake It Off-Shake It Off,' Reiterates $19 Target
15 Billion-Dollar Companies With Negative Net Earnings
Apple Music Starts Streaming (Investor's Business Daily)

Albert Fried & Company believes Microsoft (NASDAQ: MSFT)/Pandora (NASDAQ: P) story is likely a “fairy tale” and the Microsoft board is “likely to refuse a transaction with Brian McAndrews," CEO of Pandora.

The firm's Tullo recalled a deal in 2012 where “Microsoft wrote down its $6.2 billion in cash to buyout of aQuantive an Ad Exchange operated by [current] Pandora CEO Brian McAndrews.”

The analyst suggested the purchase of aQuantive “is one of the reasons why McAndrews is not the MSFT CEO.”

Tullo maintains an Underweight rating and $23 price target on Pandora.

Despite the seemingly bearish comments from Tullo, Pandora shares are up nearly 4 percent on Wednesday. The stock is now up more than 5 percent so far this week.

Latest Ratings for MSFT

DateFirmActionFromTo
Jun 2015JefferiesMaintainsUnderperform
Jun 2015WunderlichInitiates Coverage onHold
Jun 2015BarclaysMaintainsOverweight

View More Analyst Ratings for MSFT
View the Latest Analyst Ratings

Posted-In: Analyst Color News Rumors Analyst Ratings Movers

 

Related Articles (MSFT + P)

Around the Web, We're Loving...

Get Benzinga's Newsletters