Canaccord Genuity Starts Pandora (P) at Hold; Long-Term Winner, Near-Term Headwinds
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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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Canaccord Genuity initiates coverage on Pandora (NYSE: P) with a Hold. PT $13.00.
Canaccord analyst, Michael Graham, said, "We believe Internet radio will thrive and Pandora will enjoy robust and ultimately profitable growth. We believe investors are struggling with competitive threats, IPO lockup expiration, and valuation. We look to become more aggressive at signs the competitive landscape is crystallizing and signals of positive inflection in key
metrics."
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 $10.27 yesterday.
Canaccord analyst, Michael Graham, said, "We believe Internet radio will thrive and Pandora will enjoy robust and ultimately profitable growth. We believe investors are struggling with competitive threats, IPO lockup expiration, and valuation. We look to become more aggressive at signs the competitive landscape is crystallizing and signals of positive inflection in key
metrics."
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 $10.27 yesterday.
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