Pandora Media's founder returns as CEO; shares fall
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Rosenblatt Reiterates Buy on Pandora (P) as Tim Westergren Takes Over as CEO
March 29, 2016 9:51 AM EDTRosenblatt reiterated a Buy rating on Pandora (NYSE: P), with a price target of $15.00, following the company's announced management changes. The company announced that co-founder, Tim Westergren, is back in as CEO. Rosenblatt sees this move as very positive for the company on its fundamental... More
Piper Jaffray Remains Sidelined After Meeting with Pandora (P); Sees Changes as Positive
March 29, 2016 9:27 AM EDTPiper Jaffray remains Neutral on Pandora (NYSE: P) after meeting with management to discuss announced management changes. The appointment of the founder Tim Westergren to CEO signals that the company is not up for sale, helping the company lock-in major music labels into new direct licensing deals.... More
