Wells Fargo downgraded Pandora (NYSE: P) from Outperform to Market Perform with a price target of $15-$17 (from $29-$31). Analyst Peter Stabler said a pivot toward platform investment has changed the near-term margin outlook, adding uncertainty to a story that is already clouded by ongoing CRB rate arbitration.

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 $18.41 yesterday.

Analyst Comments Analyst PT Change Downgrades Hot Downgrades

Pandora (P) Numbers Revised Lower at MKM Patners after Big Spending Plans and a Poor Q4February 9, 2015 11:14 AM Albert Fried & Company Upgrades Pandora (P) to Market PerformFebruary 6, 2015 9:41 AM Pandora (P) Numbers Cut at RBC Capital; 'Outperform' Rating MaintainedFebruary 6, 2015 9:27 AM BofA/Merrill Lynch Lowers PT on Pandora to $27, Keeps 'Buy' RatingFebruary 6, 2015 9:04 AM Pandora (P) PT Cut to $18 at Nomura Securities Following Q4 ResultsFebruary 6, 2015 8:56 AM Cowen Slashes PT on Pandora (P) to $23; Still Sees in Early Stages of Local Ad OpportunityFebruary 6, 2015 6:38 AM B. Riley Downgrades Pandora (P) to NeutralFebruary 6, 2015 6:36 AM Raymond James Downgrades Pandora (P) to Market PerformFebruary 6, 2015 6:36 AM Pandora (P) Reports In-Line Q4 EPSFebruary 5, 2015 4:04 PM