Pandora (P) CEO Switch Hints at Stronger Desire to Remain Independent; FBR Affirms at 'Outperform'
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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
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
March 28, 2016 9:01 AM EDT
Pandora (NYSE: P) announced management team changes to accelerate the companys growth strategy.
Effective immediately, the board appointed founder Tim Westergren as CEO. Tim is a visionary who forever changed how music is enjoyed by leading the development of Pandoras Music Genome Project in the early 2000s. A seasoned entrepreneur, and former band member and composer himself, Tim is personally committed to advancing the careers of working musicians everywhere.
Tim has been a strong and highly engaged leader throughout Pandoras history and has been deeply involved in the companys... More
