Pandora Media's founder returns as CEO; shares fall

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Go back to Pandora Media's founder returns as CEO; shares fall

Rosenblatt Reiterates Buy on Pandora (P) as Tim Westergren Takes Over as CEO

March 29, 2016 9:51 AM EDT

Rosenblatt 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 EDT

Piper 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