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

Pandora (P) Upgraded Amid the Carnage

October 26, 2015 9:36 AM EDT

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

October 23, 2015 10:07 AM EDT

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

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

October 23, 2015 9:38 AM EDT

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... More

BofA/Merrill Lynch Downgrades Pandora (P) to Neutral

October 23, 2015 9:36 AM EDT

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.

... More

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

October 23, 2015 9:24 AM EDT

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

October 23, 2015 8:14 AM EDT

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

Techs lead Wall St. higher; S&P 500 erases 2015 loss

October 23, 2015 7:18 AM EDT

By Caroline Valetkevitch

(Reuters) - A tech share rally drove U.S. stocks up sharply for a second day on Friday as earnings from companies including Microsoft beat analysts' expectations, while healthcare shares rebounded from recent losses.

The gains left the S&P 500 in positive territory for the year and above its 200-day moving average for the first time since Aug. 19.

An unexpected rate cut in China added to the positive tone for U.S. stocks, which also registered gains for the week.

Microsoft shares (NASDAQ: MSFT) rose 10.1 percent to $52.87,... More

Piper Jaffray Downgrades Pandora (P) to Neutral

October 23, 2015 7:07 AM EDT

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

October 23, 2015 6:57 AM EDT

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.

... More

MKM Partners Downgrades Pandora (P) to Neutral

October 23, 2015 6:56 AM EDT

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.

... More

Pacific Crest Downgrades Pandora (P) to Sector Weight

October 23, 2015 6:56 AM EDT

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.

... More

RBC Capital Downgrades Pandora (P) to Sector Perform

October 23, 2015 6:47 AM EDT

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...)

October 22, 2015 6:21 PM EDT

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

October 22, 2015 4:07 PM EDT

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

October 22, 2015 4:06 PM EDT

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