B Riley Downgrades Pandora Media To Neutral

Analysts at B Riley downgraded Pandora Media, Inc. P from Buy to Neutral. The price target for Pandora Media has been lowered from $38 to $12.50. Pandora Media shares have declined 46.39% over the past 52 weeks, while the S&P 500 index has gained 14.77% in the same period. Pandora Media's shares dipped 22.22% to $14.32 in pre-market trading.