Pandora Reports Q1 2017 Financial Results
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Pandora (P) PT Lowered to $12 at Susquehanna Following Mixed 1Q
May 9, 2017 7:39 AM EDTSusquehanna lowered its price target on Pandora (NYSE: P) to $12.00 (from $13.00) while maintaining a Neutral rating. 1Q revenue came in 1% below consensus, as strength in Ticketfly was mostly offset by softness in the core ad supported business. EBITDA loss of ($71m) was ~$2m above... More
Pandora (P) Confirms Ongoing Strategic Review; Announces New Governance Measures
May 8, 2017 5:00 PM EDTPandora (NYSE: P) announced today that, in addition to the Companys agreement for a $150 million investment in the Company by KKR announced separately, and with the support of its major stockholders, the Company is implementing certain governance changes. James M. P. Feuille and Peter Gotcher will resign from the Board of Directors, and the Board is forming an independent committee, to be chaired by... More
