Pandora (P) Misses Q3 EPS by 1c, Q4 Revenue Guidance Falls Short
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Albert Fried & Company Downgrades Pandora (P) to Underweight
October 26, 2016 7:17 AM EDTAlbert Fried & Company downgraded Pandora (NYSE: P) from Overweight to Underweight with a price target of $8 following the release of Q3 results and guidance. Analyst Rich Tullo thinks the company is no longer a target.
Tullo explained, "Given the negative guidance, negative FCF,... More
FBR Capital Downgrades Pandora (P) to Market Perform on Ad Shortfall and Higher Costs
October 26, 2016 6:56 AM EDTFBR Capital downgraded Pandora (NYSE: P) from Outperform to Market Perform with a price target of $12.00 amid the troubling combination of ad slowdown and guidance for higher spending.
Analyst Barton Crockett commented, "Ad growth was the main problem in 3Q16, slowing to 7% on only a 2% rise in RPM, versus 23% and... More
