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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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December 18, 2014
07:27 EDTPPandora weakness a buying opportunity for long-term investors, says Canaccord
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December 17, 2014
10:02 EDTSIRIVolvo customers to receive 4-year subscription to SiriusXM traffic, weather
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December 16, 2014
09:17 EDTPInternet sector upgraded to Attractive from Neutral at Goldman
Goldman upgraded the Americas Internet sector to Attractive to Neutral based on more reasonable valuations, reduced expectations, and strong sector growth. As part of the sector change, the firm upgraded GrubHub (GRUB) to Buy from Neutral, downgraded Shutterfly (SFLY) to Neutral from Buy, and lowered Priceline (PCLN) to Buy from Conviction Buy.
December 11, 2014
12:42 EDTPPandora management to meet with William Blair
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December 10, 2014
09:14 EDTPPandora price target lowered to $24 from $30 at Credit Suisse
Credit Suisse lowered Pandora's price target to $24 to reflect marketing spend and platform fees paid out to Google and Apple for Pandora One. Shares are Neutral rated.
December 9, 2014
07:22 EDTPBMO Capital to hold a conference
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05:55 EDTSIRIStocks with implied volatility movement; CME SIRI
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December 8, 2014
10:46 EDTPPandora calls active on renewed takeover speculation
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10:36 EDTPRumor: Pandora moves up on renewed takeover chatter
December 4, 2014
10:09 EDTSIRIHigh option volume stocks
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09:37 EDTPActive equity options trading
Active equity options trading according to Track Data: AAPL ALTR P BIDU AMZN TSLA X NFLX TWTR WMT

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