BMO Capital Downgrades Pandora (P) to Market Perform Following Acquisition

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RBC Capital Downgrades Pandora (P) to Sector Perform

September 27, 2018 6:31 AM EDT

RBC Capital analyst Mark Mahaney downgraded Pandora (NYSE: P) from Outperform to Sector Perform with a price target of $10.00.

Mahaney commented, "On Monday, Sirius XM (SIRI) announced that it will be acquiring Pandora in an all- stock transaction that at the time of... More