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Stock Market & Financial Investment News

News Breaks
April 15, 2014
10:16 EDTP, SIRIPandora 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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September 18, 2014
07:32 EDTPMKM Partners to hold a conference
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September 17, 2014
11:47 EDTPStocks with call strike movement; PBR P
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September 16, 2014
09:45 EDTPRumor: Pandora moves up on renewed activist speculation
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07:27 EDTSIRI, PBofA/Merrill to hold a conference
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September 15, 2014
07:20 EDTPPandora ad trends improving in back half, says JPMorgan
JPMorgan believes Pandora's advertising is strengthening in the back half of 2014 with accelerating growth in ad revenue. The firm reiterates an Overweight rating on the stock with a $42 price target.
September 12, 2014
07:58 EDTPPandora outlook has improved, says Oppenheimer
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September 11, 2014
15:45 EDTP, SIRIPandora management getting savvier on content costs, says Maxim
Maxim said Pandora's (P) new multi-year rights agreement with BMG supports its view that management is getting more savvy on managing content costs. The firm also thinks the tone of Apple (AAPL) at its launch event suggests its service has yet to gain traction as a competitor to Pandora and that comments from Sirius XM's (SIRI) CFO indicate Pandora is gaining traction in car integration. The firm maintains it Buy rating and $35 price target on Pandora.
13:05 EDTSIRILiberty Media CEO says eyeing more deals, sees cable consolidation 'inevitable'
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09:01 EDTPPandora strikes U.S. licensing deal with BMG
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September 9, 2014
16:19 EDTSIRISirius XM sees FY14 adjusted EBITDA of approximately $1.425B
Sees FY14 revenue approximately $4.1B, consensus $4.14B. Sees free cash flow of approximately $1.1B.
16:17 EDTSIRISirius XM sees net self-pay subscriber additions of approximately 1.25M in FY14
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10:12 EDTSIRISirius XM management to meet with Piper Jaffray
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September 5, 2014
21:38 EDTSIRISirius XM management to meet with Piper Jaffray
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