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

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

Pandora (P) CEO Resignation Seems to Refute Rumors of Sale, Says Dougherty

March 28, 2016 2:44 PM EDT

Dougherty & Co maintained a Neutral rating on Pandora (NYSE: P). Comments follow news CEO Brian McAndrews is leaving the company and will be replaced by co-founder Tim Westergren. In the view of analyst Steven Frankel, news appears to refute rumor it is putting itself up for sale.

"The stock has rallied off its lows on multiple media reports that the... More

Pandora (P) CEO Switch Hints at Stronger Desire to Remain Independent; FBR Affirms at 'Outperform'

March 28, 2016 12:30 PM EDT

FBR & Co. affirms Pandora Media (NYSE: P) with an Outperform rating and $16 price target after the company announced the appointment of a new CEO and management team. The firm suggests that the changes could hit at a potential merger deal.

Analyst Barton Crockett commented: Pandora and... More

Pandora Media's founder returns as CEO; shares fall

March 28, 2016 10:04 AM EDT

By Kshitiz Goliya

(Reuters) - Online music streaming service Pandora Media Inc (NYSE: P) appointed founder Tim Westergren as its chief executive to replace Brian McAndrews, who left the company on Monday, sending its shares down 10 percent.

The company also appointed independent board member Jim Feuille as chairman and promoted chief strategy officer Sara Clemens to chief operating officer.

Westergren, who co-founded the service in 2000, earlier served as the company's CEO from May... More

Pandora (P) Names Founder Tim Westergren as CEO; New Management Structure Announced

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

Wall Street ends flat after choppy session

March 28, 2016 7:23 AM EDT

By Noel Randewich

(Reuters) - Wall Street was mixed on Monday as weaker-than-expected U.S. economic data reduced concerns about potential interest rate hikes and a dip in oil prices pushed down energy shares.

U.S. consumer spending barely rose in February and inflation retreated, suggesting the Federal Reserve could remain cautious about raising interest rates this year even as the labor market rapidly tightens.

Trading was choppy and volume was low, with markets closed in Europe.

The S&P has mostly recovered from a 10-percent loss at the start of 2016 but many investors remain... More