Dougherty Starts Pandora (P) at Sell; Burdened By High Costs and Growing Competition
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Price: $118.16 +0.69%
Rating Summary:
10 Buy, 24 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
10 Buy, 24 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Dougherty & Co initiates coverage on Pandora (NYSE: P) with a Sell. PT $8.00.
The firm believes Pandora "is burdened by high costs and growing competition," noting the company needs to pay both recording and music compensation royalties for every song played. Pandora also "faces a large and growing list of competitors, including high profile start-ups such as Spotify and Turntable.FM...""
For more ratings news on Pandora click here and for the rating history of Pandora click here.
Shares of Pandora closed at $10.22 yesterday.
The firm believes Pandora "is burdened by high costs and growing competition," noting the company needs to pay both recording and music compensation royalties for every song played. Pandora also "faces a large and growing list of competitors, including high profile start-ups such as Spotify and Turntable.FM...""
For more ratings news on Pandora click here and for the rating history of Pandora click here.
Shares of Pandora closed at $10.22 yesterday.
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