Barclays Maintains an 'Underweight' on Pandora (P); Competition Growing Stronger

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Barclays maintains an 'Underweight' on Pandora (NYSE: P) price target of $9.00.

Analyst, Anthony DiClemente, notes the growing competition, with Amazon's (Nasdaq: AMZN) recent announcement of a Cloud Player for iPhone (Nasdaq: AAPL) and Songza taking first and second most downloaded for the iPad and iPhone. Overall, DiClemente sees competition eventually slowing down Pandora's active listeners and hours of listening.

For an analyst ratings summary and ratings history on Pandora click here. For more ratings news on Pandora click here.

Shares of Pandora closed at $9.90 yesterday, with a 52 week range of $7.83-$26.00.

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