Pandora (P) 3Q Hit by Apple (AAPL) Music Launch; FBR Capital Cuts Price Target to $10

Pandora (P) Upgraded Amid the Carnage

Macquarie analyst Amy Yong went out on a limb defending Pandora by upgrading the stock to Outperform and citing "the bear/bull case is now too asymmetrical to ignore". The gap between her price target of $19 and the current share price of $12.39 represents 53% upside.

The upgrade is predicated on 3... More

Pandora (P) PT Lowered to $24 at Goldman Sachs; 'Buy' Maintained

Goldman Sachs analyst Heath Terry trimmed his price target on Pandora (NYSE: P) to $24.00 (from $25.00) following results Q3 results but maintained a Buy rating.

Q3 results were in-line but listener engagement slowed.

"We continue to believe that with nearly 90mn... More

SunTrust Robinson Humphrey Cuts Price target Following Pandora's (P) 3Q Results

SunTrust Robinson Humphrey reiterated a Buy rating on Pandora (NYSE: P), and raised the price target to $18.00 (from $25.00), following the company's 3Q15 earnings results. Revenue at $312m missed consensus $313m. While management has largely dismissed competition previously, there was a notable about-face this... More

BofA/Merrill Lynch Downgrades Pandora (P) to Neutral

BofA/Merrill Lynch downgraded Pandora (NYSE: P) from Buy to Neutral with a price target of $20.00.

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.

Pre-Open Stock Movers 10/23: (AMZN) (GOOG) (MSFT) Higher; (EMES) (P) (SKX) Lower (more...)

Emerge Energy Services (NYSE: EMES) 43.7% LOWER; announced that, in accordance with its cash distribution policy as determined by the board of directors of its general partner, it will not make a cash distribution on its common units in respect of the three months ended September 30, 2015. Emerge Energy did not generate available cash to distribute for the three months ended September 30, 2015 due to the challenging oil and natural gas frac sand market and the volatility in wholesale fuel prices during this period. The board of... More

Albert Fried & Company Downgrades Pandora (P) to Underweight

Albert Fried & Company downgraded Pandora (NYSE: P) from Overweight to Underweight with a price target of $11.00.

Analyst Rich Tullo said, "Pandora shares are down 20% after the market close and in a best case scenario we think Pandora shares are dead money... More

Alphabet, Microsoft, Amazon give Wall Street reason to cheer

By Sweta Singh and Abhirup Roy

(Reuters) - Google parent Alphabet Inc (NASDAQ: GOOGL), Microsoft Corp (NASDAQ: MSFT) and Amazon.com Inc (NASDAQ: AMZN) made headway in the latest quarter in the areas that will be their main engines of growth for years to come, driving up shares across the tech sector on Friday.

Shares of all three surged in early trading, adding more than $120 billion to their combined market value - more than the gross domestic product of Morocco.

Apple (AAPL) Removed from Focus List at Citi

Apple (NASDAQ: AAPL) Removed from Focus List at Citi

Maxim Group Upgrades Apple (AAPL) to Buy

Maxim Group upgraded Apple (NASDAQ: AAPL) from Hold to Buy with a price target of $167.00.

For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.

Shares of Apple closed at $115.50 yesterday.

Piper Jaffray Downgrades Pandora (P) to Neutral

Piper Jaffray downgraded Pandora (NYSE: P) from Overweight to Neutral with a price target of $17.00 (from $23.00).

Analyst James March commented, "We are downgrading Pandora as competition is meaningfully impacting growth while expenses like content and market accelerate into 2016. We previously felt comfortable that a... More

Oppenheimer Downgrades Pandora (P) to Perform

Oppenheimer downgraded Pandora (NYSE: P) from Outperform to Perform and removed its price target (prior $25.00).

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.

MKM Partners Downgrades Pandora (P) to Neutral

MKM Partners downgraded Pandora (NYSE: P) from Buy to Neutral with a price target of $14.00 (from $25.00).

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.

Pacific Crest Downgrades Pandora (P) to Sector Weight

Pacific Crest downgraded Pandora (NYSE: P) from Overweight to Sector Weight and removed its price target (prior $22.00).

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.

RBC Capital Downgrades Pandora (P) to Sector Perform

RBC Capital downgraded Pandora (NYSE: P) from Outperform to Sector Perform with a price target of $20.00 (from $24.00) citing increased competitive pressures.

Analyst Mark Mahaney commented, "While Ps Q3 results were mixed, the Q4 outlook was weaker than expected in part due to increased competition in the space from the likes of Apple and Spotify. Therefore, we are downgrading to Sector... More

After-Hours Movers 10/22: (AMZN) (GOOGL) (MSFT) Higher; (SKX) (SSYS) (P) Lower (more...)

Skechers USA (NYSE: SKX) 29.2% LOWER; reported Q3 EPS of $0.43, $0.12 worse than the analyst estimate of $0.55. Revenue for the quarter came in at $856.2 million versus the consensus estimate of $876.54 million.

Stratasys Ltd. (Nasdaq: SSYS) 20.6% LOWER; announced preliminary third quarter 2015 financial results. The Company expects to report third quarter revenue in the range of $166 to $168 million, and non-GAAP net income (loss) in the range of ($1.5) to $1.0 million, or ($0.03) to $0.02 per diluted share. (Street sees Q3 EPS of $0.08 on revenue of... More

Pandora (P) and Record Companies Reach Agreement On Pre-1972 Recordings

Pandora (NYSE: P) and a coalition of independent and major record companies announced today that they have agreed to a $90 million settlement for Pandoras use of recordings created before 1972.

The confidential settlement is between Pandora and ABKCO Music & Records, Capitol Records, Sony Music... More

Pandora (P) Reports In-Line Q3 EPS, Q4 Revenue Guidance Comes in Light

Pandora (NYSE: P) reported Q3 EPS of $0.10, in-line with the analyst estimate of $0.10. Revenue for the quarter came in at $311.6 million versus the consensus estimate of $312.97 million.

Other Business Metrics

Listener Hours: Total listener hours grew 3% to 5.14 billion for the third quarter of... More

Streetinsider.com's Hot Lunchtime Reads 10/22: (LL) (AAPL) (MACK) (BABA)

The following is a list of notable articles to help get you through the lunch hour:Instagram (FB) Debuts New Video App: Boomerang ->... More

Hands-free technologies pose unexpected dangers for drivers: AAA

(Reuters) - Drivers can be distracted for as long as 27 seconds after performing activities such as changing music or dialing a phone number, even when using hands-free technologies, according to a study by the AAA Foundation for Traffic Safety.

The results raise "new and unexpected concerns" about the use of phones and vehicle information systems while driving, the non-profit group, part of the AAA motoring... More

Android Pay Expected to Lead Mobile Payments Market (GOOG) (AAPL)

Alphabet's (Nasdaq: GOOG)(Nasdaq: GOOGL) Android Pay should be a top tool used to conduct mobile payments, according to one research report.

Digitimes noted today that Android Pay has several advantages over... More

Susquehanna Trims Ests on Apple (AAPL) Ahead of Q4 Report; Notes Softer iPhone 6S/6S+ Sales

Susquehanna affirms Apple (Nasdaq: AAPL) with a Positive rating and $155 price target as the company lowers estimates due to softer iPhone 6s/6s+ sell-through in H215.

Analyst Chris Caso noted the following: While we dont necessarily think were in a better position than others to gauge iPhone sell-through, we nonetheless have to acknowledge that the available data suggests initial sales dont appear to be as strong as we had hoped, and we therefore have less confidence that iPhone can post Y/Y growth off last years tough compares. Our... More

Apple (AAPL) Announces New Clean Energy Initiatives in China

Apple (NASDAQ: AAPL) announced two new programs aimed at reducing the carbon footprint of its manufacturing partners in China. The programs will avoid over 20 million metric tons of greenhouse gas pollution in the country between now and 2020, equivalent to taking nearly 4 million passenger vehicles off the road for one year.

Apple also announced that construction on 40 megawatts of solar projects in the Sichuan Province is now complete. These solar installations produce more than the total amount of electricity used by Apples offices and retail stores in China, making Apple's operations carbon... More

Indonesia to woo American investment in e-commerce sector

By Kanupriya Kapoor

JAKARTA (Reuters) - Indonesia's biggest e-commerce companies will meet high-profile Silicon Valley venture capitalists next week, a cabinet minister said, when they accompany President Joko Widodo on a U.S. trip to woo investment in the country's fledgling tech sector.

Widodo, who just marked a year in office, is keen to attract much-needed foreign investment to kickstart Southeast Asia's largest economy, which has been growing at its slowest pace in six years.

Start-ups like Gojek, a motorcycle taxi hailing app, and Tokopedia, an... More

Netflix (NFLX) Slumps as Google Unveils Subscription Streaming Service

Netflix, Inc. (Nasdaq: NFLX) shares dipped lower earlier this afternoon as Google introduced its streaming video subscription service, YouTube... More

Despite Strong Market Share, Cannacord Genuity Reduces Apple (AAPL) iPhone Unit and EPS Estimates for C16

Canaccord Genuity analyst Michael Walkley, conducted an iPhone survey which led him to believe the Apple (NASDAQ: AAPL) and carrier sponsored installment plans will cause a more rapid adoption of existing iPhone users than in prior cycles.

However, the share gains Apple has... More

UBS Thinks Street Too Cautious on Apple (AAPL) into Year End

Steve Milunovich from UBS thinks there is upside to his 50 million unit Apple (NASDAQ: AAPL) iPhone number which is higher than the street consensus 47.5 million units. He is also predicting 5% growth for December vs street consensus of 3% growth. While this may seem like splitting... More

Amazon, Apple 'very different' from Fiat, Starbucks tax cases: EU

BRUSSELS (Reuters) - Inquiries into tax deals involving Amazon (NASDAQ: AMZN) and Apple (NASDAQ: AAPL) are very different from those into illegal tax deals struck by Fiat and Starbucks (NASDAQ: SBUX) and... More

EU rules Starbucks, Fiat tax deals illegal, rocking system

By Foo Yun Chee and Philip Blenkinsop

BRUSSELS (Reuters) - The European Commission ruled on Wednesday that Starbucks Corp (NASDAQ: SBUX) and Fiat Chrysler Automobiles NV benefited from illegal tax deals with the Dutch and Luxembourg authorities, dealing a heavy blow to profit-shielding arrangements used by many multinationals.

Antitrust commissioner Margrethe Vestager said all firms must pay a "fair share" and ordered the Netherlands to recover 20 million to 30 million euros ($23 million to $34 million) in back taxes from the U.S. coffee shop chain. Luxembourg must recover a similar amount from Italian-U.S.... More