Market Overview

UPDATE: Albert Fried & Company Downgrades Pandora Media to Market Perform

Share:
Related P
Benzinga's Option Alert Recap From February 24
Benzinga's Option Alert Recap From February 23
Apple: The Song Remains The Same (Seeking Alpha)

Albert Fried & Company downgraded Pandora Media (NYSE: P) from Outperform to Market Perform and announced a $13.00 price target.

Albert Fried & Company noted, "We would still hold a meaningful position in Pandora shares but ours is a recommendation hold shares and Buy on weakness. Our estimates and price target are unchanged as we think Pandora should post a solid quarter on the Company's market share expansion in total Radio to roughly 8% from roughly 7% in 2012. However we still expect a loss of $0.13 per share on increased content costs which escalate in the first half of every year."

Pandora Media closed at $12.98 on Friday.

Latest Ratings for P

DateFirmActionFromTo
Jan 2017Barrington ResearchDowngradesMarket OutperformMarket Perform
Dec 2016OppenheimerUpgradesPerformOutperform
Dec 2016Aegis CapitalInitiates Coverage OnBuy

View More Analyst Ratings for P
View the Latest Analyst Ratings

Posted-In: Albert Fried & CompanyAnalyst Color Downgrades Analyst Ratings

 

Related Articles (P)

View Comments and Join the Discussion!