Pandora Enters Into Landmark Direct Licensing Agreements With Merlin Network, Sony Music and Universal Music Group
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Oppenheimer Remains Sidelined as Pandora (P) Announces Licensing Deals
September 14, 2016 9:28 AM EDTOppenheimer reiterated a Perform rating on Pandora (NYSE: P) following the company's announced licensing deals with Sony Music, Universal Music, Merlin, and 40+ independent record labels. The new (on-demand) service is expected to launch domestically in 4Q:16, and will pay 65%-70% of its potential revenue to... More
SunTrust Robinson Humphrey Reiterates Buy on Pandora (P) Following Announced Direct Deals
September 14, 2016 8:16 AM EDTSunTrust Robinson Humphrey reiterated a Buy rating and $18.00 price target on Pandora (NYSE: P) following the company's announced U.S.-only direct deals with most major labels.
Analyst Robert Peck commented, "Pandora announced direct deals with most major labels, which would allow it... More
Pandora (P) PT Raised to $14 at Mizuho; One of Most Likely to be Acquired
September 14, 2016 7:24 AM EDTMizuho Securities analyst Neil Doshi raised his price target on Pandora (NYSE: P) to $13.00 (from $11.00) but maintained a Neutral rating. The target was increased on the new direct deals, as well as its potential as an M&A target.
"Given that Pandora announced that it signed direct deals with Sony, Universal, Merlin, and 30+ indie labels for its ondemand... More
Mizuho Affirms Pandora (P) at 'Neutral'; Label Deals are Positive, But Key Player Still Missing
September 13, 2016 11:17 AM EDTMizuho affirms Pandora Media (NYSE: P) with a Neutral rating and $11 price target after the company announced the signing of direct licensing agreements for recorded music with Merlin Network, Sony Music and Universal Music Group, along with The Orchard and over 30 other independent labels and distributors.
Analyst Neil Doshi commented today:
We are pleased to see that Pandora has signed... More
