Albert Fried & Company Reiterates Overweight Rating, $13 PT on Pandora Media

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In a report published Monday, Albert Fried & Company reiterated its Overweight rating and $13.00 price target on Pandora Media (NYSE: P).Albert Fried & Company noted, “Pandora offers a great service and has a strong revenue growth potential. However, we think great Companies do not always offer attractive returns for equity investors. However, given the roughly 30% upside to our $13 Target we think Pandora is a great company and perhaps its shares are a good trade over the next 12 to 18 months.”Pandora Media closed on Friday at $10.50.

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