Pandora (P) Overhang Removed, Focus on New Foreign Markets - Rosenblatt

Forget FANG, Look at BAGEL in 2016

FANG, the acronym for Facebook (NASDAQ: FB), Amazon (NASDAQ: AMZN), Neflix (NASDAQ: NFLX) and Google (NASDAQ: GOOGL), was the trade of the year for 2015, rising an average 81%. However, top Internet analyst Mark Maheney from RBC Capital has some new predictions for 2016: BAGEL.

BAGEL stands for Alibaba (NYSE: BABA), Amazon (NASDAQ: AMZN), Google (NASDAQ: GOOGL), Expedia (NASDAQ:... More

Nomura Securities Remains Sidelined on Pandora (P) as CRB's Ruling Came Roughly In-Line with Expectations

Nomura Securities reiterated a Neutral rating on Pandora (NYSE: P), and raised the price target to $17.00 (from $16.00), following the Copyright Royalty Board's (CRB) new rates for the Web IV proceeding for the 2016-2020 period. At $0.17 per hundred songs streamed, the new Webcaster IV rates are in line with investors expectations. Rate increases linked... More

Cowen Boosts PT on Pandora (P) to $21; CRB Rate Slightly Higher in FY16, Lower Thereafter

Cowen and Company lifts its price target on Outperform-rated Pandora Media (NYSE: P) from $19 to $21 following Thursday night's CRB rate decision.

Analyst John Blackledge commented: Last night, the CRB released it's long-awaited rate decision on royalties at a level that was slightly... More

Albert Fried & Company Upgrades Pandora (P) to Overweight

Albert Fried & Company upgraded Pandora (NYSE: P) from Underweight to Overweight with a price target of $20.00 (from $11.00).

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 $13.44 yesterday.

Wedbush Reiterated Outperform on Pandora (P) Following CRB Determination

Wedbush reiterated an Outperform rating and $26.00 price target on Pandora (NYSE: P) following the Copyright Royalty Board's rate determination for the company. The 2016 rate for Pandoras ad-supported service will be $0.0017 compared with the 2015 rate of $0.0014, and the subscription rate will be $0.0022 compared with the 2015 rate of $0.0025.... More

FBR Capital Upgrades Pandora (P) to Market Perform

FBR Capital upgraded Pandora (NYSE: P) from Underperform to Market Perform with a price target of $16 after the CRB rate decision, which was better than feared.

Analyst Barton Crockett commented, "We factor in the actual CRB decision$0.17 per hundred songs for ad-based music and $0.22 for... More

CRB Ruling Brings Clarity to Pandora (P) - BMO Capital Raises PT to $16

BMO Capital reiterated a Market Perform rating on Pandora (NYSE: P), and raised the price target to $16.00 (from $14.00), after a CRB ruling. The CRB ruled yesterday that streaming rates will be set at $0.17 per 100 spins for ad-supported listening, and $0.22 per 100 spins for subscription-supported listening. The CRB ruling brings clarity to 2016.

Analyst Daniel Salmon commented,... More

Wall St falls as growth fears resurface after three-day rally

By Marcus E. Howard

(Reuters) - U.S. stocks dropped Thursday on persistent concern over faltering global economic growth, led by declines in energy and materials shares, a day after shares had rallied on the Federal Reserve's decision to raise interest rates.

Oil prices extended recent declines on persistent oversupply worries and as the dollar hit a two-week high. [O/R] [FRX/] Dow components Exxon (NYSE: XOM) and Chevron (NYSE: CVX) were down, by 1.5 and 3.1 percent, respectively.

Newmont Mining (NYSE:... More

CRB Decision Hands Pandora (P) a 'Hat Trick' - Needham & Company Reiterates Buy

Needham & Company reiterated a Buy rating and $24.00 price target on Pandora (NYSE: P) following a CRB decision that handed the company a series of wins. The CRB raised Ps total costs by 15% to a blended rate of $0.176/100 songs, made up by 20% higher advertising music costs to $0.17/100 songs in 2016, partially... More

Pandora (P) Investors 'Happy' as CRB Ruling now in Rear-View Mirror - RBC's Mahaney

RBC Capital analyst Mark Mahaney reiterated a Sector Perform rating and $20 price target on Pandora (NYSE: P) after the CRB issued their ruling for Pandoras future content costs for ad-based/sub-based listening at $0.17/$0.22 per 100 spins, effectively a 15% increase over 2015 rates.

"We believe P,... More

Pandora (P) Comments on 15% Rate Increase Following CRB Ruling; Calls 'Balanced Rate That We can Grow From'

Pandora (NYSE: P) announced that the Copyright Royalty Board (CRB) released the rates and terms for the Web-IV rate-setting proceeding, establishing the sound recording performance royalty rates paid to performing artists and record labels by Internet radio services for the period of 2016-2020. While the company has not received the full supporting decision, the following is based on the companys initial reactions to information posted on the Copyright Royalty Boards website.

Pandora participated in the proceeding to ensure a vibrant, open and sustainable music marketplace. The CRB set the following rates and... More

Pandora (P) Surges After Intial Knee-Jerk Lower on CRB Decision

After an initial knee-jerk reaction lower, Pandora (NYSE: P) is now up 19% as investor read positively into the CRB rate decision.

The rate for commercial subscription services in 2016 is $0.0022 per-performance. The rate for commercial nonsubscription services in 2016 is $0.0017 per-performance.

The consensus was $0.0017.

Market Wrap: Fed Hikes Rates; Valeant Trims Outlook; BATS to Try Another IPO; Industrial Production Lagged in Nov.

Market wrap for December 16th

End of the Day: S&P 500 up 29.7 to 2,073.07; Dow Jones up 224.2 to 17,749.09; Nasdaq up 75.8 to 5,071.13

Market Brief: The Fed raised its rates by 0.25 points, as anticipated following the October meeting. Markets ran higher following the announcement.

Housing starts outpaced in November, while industrial production fell more than expected for the month.

Valeant cut FY16 expectations amid Philidor debacle, new Walgreens agreement

BATS Global Markets is trying for an IPO once again.

Hilton may... More