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Stock Market & Financial Investment News

News Breaks
April 15, 2014
10:16 EDTSIRI, PPandora rises after optimistic notes from analysts
Shares of Internet radio provider Pandora Media (P) are advancing after one research firm upgraded the stock and another remained upbeat on the shares. WHAT'S NEW: In a note to investors earlier today, research firm Maxim Group upgraded Pandora to Buy from Hold. After Pandora's stock tumbled nearly 40%, the shares have reached an attractive entry point, Maxim Group analyst John Tinker wrote. Noting that the Media Ratings Council accredited Triton's webcast measurement service, Tinker thinks this development will increase advertisers' confidence in Pandora's audience data. Pandora provides Triton's audience data to its advertisers. The Media Ratings Council was founded by the broadcast industry in the 1960s to review and accredit audience rating services, according to its website. Organizations that provide ratings for traditional radio also receive their accreditation from the council, Tinker wrote. Meanwhile, Pandora has received some favorable news regarding royalties in recent weeks, suggesting that its royalty rate will remain "manageable," the analyst added. He set a $55 price target on the shares. Separately, Pacific Crest analyst Corey Barrett wrote that Pandora would eventually become a "quintessential" part of high tech cars. Pandora's penetration of automobiles could match that of Sirius XM (SIRI) by 2017, the analyst predicted. Pandora's opportunity in cars should more than offset the increasing competition it is facing, and a slowdown in the growth of its mobile user growth in the near-term, Barrett believes. He kept a $45 price target and Outperform rating on the shares. PRICE ACTION: In early trading, Pandora climbed 72c, or 3%, to $26.
News For P;SIRI From The Last 14 Days
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May 21, 2015
06:29 EDTPPiper recommends getting long Pandora ahead of rate determination
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May 20, 2015
12:50 EDTPPandora lower after rival Spotify says will start offering video content
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May 19, 2015
09:01 EDTPPandora to acquire Next Big Sound, financial terms not disclosed
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May 15, 2015
11:28 EDTPSpotify to roll out streaming service next week, CNBC reports
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06:13 EDTPPandora to appeal unfavorable court decision against BMI, AP reports
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May 13, 2015
07:16 EDTSIRIMoffett Nathanson to hold a summit
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May 12, 2015
13:06 EDTPVivendi says talking to Spotify about streaming, Bloomberg reports
Vivendi (VIVHY) said on its earnings conference call that is having discussions with Spotify regarding a streaming service, Bloomberg reports. Apple's (AAPL) streaming service may affect music sales and margins, Vivendi noted. Shares of Spotify competitor Pandora (P) are up 36c to $18.53 in afternoon trading.
09:14 EDTPApps World to hold a conference
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08:07 EDTPSunTrust to hold a conference
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07:45 EDTPJefferies to hold a conference
2015 Global Technology, Media and Telecom Conference is being held in Miami on May 12-14.
05:50 EDTSIRIStocks with implied volatility movement; SIRI ZU
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May 11, 2015
05:52 EDTSIRIStocks with implied volatility movement; YELP SIRI
Stocks with implied volatility movement; Yelp (YELP) 65, Monsanto (SIRI) 26 according to iVolatility.

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