FBR Capital maintained an Underperform rating on Pandora (NYSE: P), and cut the price target to $10.00 (from $11.00), as Apple's (NASDAQ: AAPL) Music launch negatively effected 3Q results. Pandora sees this as a temporary phenomenon that will fade as the launch push for Apple Music goes away.

Analyst Barton Crockett commented, "We expected a modest impact from the Apple Music launch, but it turned out to be more fundamentally challenging than we thought, prompting us to take our price target down by $1.00, to $10.00, and to retain our Underperform rating."

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 $19.19 yesterday.

Analyst Comments Analyst EPS Change Analyst EPS View Analyst PT Change

Pandora (P) Upgraded Amid the CarnageOctober 26, 2015 9:36 AM Pandora (P) PT Lowered to $24 at Goldman Sachs; 'Buy' MaintainedOctober 23, 2015 10:07 AM SunTrust Robinson Humphrey Cuts Price target Following Pandora's (P) 3Q Results October 23, 2015 9:57 AM BofA/Merrill Lynch Downgrades Pandora (P) to NeutralOctober 23, 2015 9:36 AM Pre-Open Stock Movers 10/23: (AMZN) (GOOG) (MSFT) Higher; (EMES) (P) (SKX) Lower (more...)October 23, 2015 9:24 AM Albert Fried & Company Downgrades Pandora (P) to UnderweightOctober 23, 2015 8:14 AM Alphabet, Microsoft, Amazon give Wall Street reason to cheerOctober 23, 2015 8:02 AM Apple (AAPL) Removed from Focus List at CitiOctober 23, 2015 7:32 AM Maxim Group Upgrades Apple (AAPL) to BuyOctober 23, 2015 7:31 AM Piper Jaffray Downgrades Pandora (P) to NeutralOctober 23, 2015 7:07 AM Oppenheimer Downgrades Pandora (P) to PerformOctober 23, 2015 6:57 AM MKM Partners Downgrades Pandora (P) to NeutralOctober 23, 2015 6:56 AM Pacific Crest Downgrades Pandora (P) to Sector WeightOctober 23, 2015 6:56 AM RBC Capital Downgrades Pandora (P) to Sector PerformOctober 23, 2015 6:47 AM After-Hours Movers 10/22: (AMZN) (GOOGL) (MSFT) Higher; (SKX) (SSYS) (P) Lower (more...)October 22, 2015 6:21 PM DeVry Education Group Announces First-Quarter 2016 ResultsOctober 22, 2015 4:10 PM Pandora (P) and Record Companies Reach Agreement On Pre-1972 RecordingsOctober 22, 2015 4:07 PM Pandora (P) Reports In-Line Q3 EPS, Q4 Revenue Guidance Comes in LightOctober 22, 2015 4:06 PM Record Companies and Pandora Reach Agreement On Pre-1972 RecordingsOctober 22, 2015 4:05 PM Pandora Reports Q3 2015 Financial ResultsOctober 22, 2015 4:02 PM Streetinsider.com's Hot Lunchtime Reads 10/22: (LL) (AAPL) (MACK) (BABA)October 22, 2015 12:22 PM Hands-free technologies pose unexpected dangers for drivers: AAAOctober 22, 2015 11:51 AM Android Pay Expected to Lead Mobile Payments Market (GOOG) (AAPL)October 22, 2015 11:46 AM Susquehanna Trims Ests on Apple (AAPL) Ahead of Q4 Report; Notes Softer iPhone 6S/6S+ SalesOctober 22, 2015 9:50 AM Apple (AAPL) Announces New Clean Energy Initiatives in ChinaOctober 22, 2015 9:49 AM Apple Launches New Clean Energy Programs in China To Promote Low-Carbon Manufacturing and Green GrowthOctober 21, 2015 9:00 PM Indonesia to woo American investment in e-commerce sectorOctober 21, 2015 2:47 PM Netflix (NFLX) Slumps as Google Unveils Subscription Streaming ServiceOctober 21, 2015 2:47 PM Despite Strong Market Share, Cannacord Genuity Reduces Apple (AAPL) iPhone Unit and EPS Estimates for C16October 21, 2015 12:55 PM UBS Thinks Street Too Cautious on Apple (AAPL) into Year EndOctober 21, 2015 8:19 AM Amazon, Apple 'very different' from Fiat, Starbucks tax cases: EUOctober 21, 2015 5:59 AM EU rules Starbucks, Fiat tax deals illegal, rocking systemOctober 21, 2015 5:05 AM