Pandora (P) PT Raised to $16 at RBC Capital

RBC Capital raised its price target on Pandora (NYSE: P) to $16.00 (from $14.00) while maintaining a Sector Perform rating.

Analyst Mark Mahaney comments "Pandora posted a solid Q4 result, with Q1 guidance below expectations and 2017 guidance bracketing the Street on the top-line. The key for P will be the March launch of its new Pandora Premium (ondemand) product. Maintain Sector Perform, but raise PT to $16 on higher ’18 estimates."

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