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Stock Market & Financial Investment News

News Breaks
April 7, 2014
07:03 EDTPPandora upgraded to Outperform from Neutral at Wedbush
Wedbush upgraded Pandora to Outperform from Neutral based on valuation. Price target remains $35.
News For P From The Last 14 Days
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November 26, 2014
08:54 EDTPPandora consumer survey results positive, says RBC Capital
After conducting a survey of U.S. consumers, RBC Capital says that Pandora has become the top source of music, surpassing traditional radio and CDs for the first time. The firm says that users remain extremely satisfied with Pandora, and it notes that the company's EV/EBITDA is close to three year trough levels. RBC thinks the stock's valuation is attractive and keeps an Outperform rating on the shares.
November 25, 2014
12:19 EDTPOn The Fly: Midday Wrap
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11:44 EDTPPandora sinks after FBR downgrades to Underperform citing royalty risks
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10:09 EDTPPandora heads lower to test 52-week lows
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10:00 EDTPOn The Fly: Analyst Downgrade Summary
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09:20 EDTPOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Signet Jewelers (SIG), up 2.6%... Tiffany (TIF), up 4.8%... Nuance Communications (NUAN), up 5.1%... Brown Shoe (BWS), up 6.6%... Cracker Barrel (CBRL), up 3.1%... Qihoo 360 (QIHU), up 5.8%... DSW (DSW), up 7.3%. ALSO HIGHER: SinoCoking Coal (SCOK), up 27.9% after aboveground facility operating at 100% capacity. DOWN AFTER EARNINGS: Xcerra (XCRA), down 7.4%... Workday (WDAY), down 8.4%... Brocade (BRCD), down 3.8%... Post (POST), down 7.5%. ALSO LOWER: Wet Seal (WTSL), down 15.8% after announcing that it has not set a timetable for review of strategic and financial alternatives... Medgenics (MDGN), down 11.1% after 5.125M share Spot Secondary priced at $4.10... Pandora (P), down 3.7% after being downgraded to Underperform from Market Perform at FBR Capital... Cyberark Software (CYBR), down 3.7% after receiving multiple downgrades.
07:10 EDTPPandora downgraded to Underperform from Market Perform at FBR Capital
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November 21, 2014
08:41 EDTPPandora royalty rates unlikely to change significantly, says BMO Capital
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November 20, 2014
06:28 EDTPBillboard 200 chart to include on-demand streaming in rankings
The Billboard 200 albums chart will premiere its biggest upgrade in more than 23 years, transforming from a pure sales-based ranking to one measuring multi-metric consumption. Beginning with the top 10 revealed on Wednesday, Dec. 3, on Billboard.com, the chart, which currently tracks the top 200 albums of the week by sales alone, will be the first to include on-demand streaming and digital track sales -- as measured by Nielsen Entertainment (NLSN) -- by way of a new algorithm. It is the most substantial methodology update since May 1991, when Billboard first used Nielsen's point-of-sale data -- SoundScan -- to measure album sales. The updated Billboard 200 will utilize accepted industry benchmarks for digital and streaming data, equating 10 digital track sales from an album to one equivalent album sale, and 1,500 song streams from an album to one equivalent album sale. All of the major on-demand audio subscription services are considered, including Spotify, Beats Music (AAPL), Google Play (GOOG) and Xbox Music (MSFT). Reference Link
November 19, 2014
10:23 EDTPPandora management to meet with Wedbush
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06:03 EDTPPandora recent weakness a buying opportunity, says Piper Jaffray
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November 18, 2014
06:46 EDTPMicrosoft could spin off Nokia MixRadio, TechCrunch reports
According to sources, Microsoft (MSFT) is considering spinning off Nokia MixRadio, the music streaming service it acquired as part of its takeover of Nokia's (NOK) Devices and Services unit, TechCrunch reports. Microsoft is reportedly seeking investors for Nokia MIxRadio, and the potential spin-off is said to be making "good progress." Reference Link
November 17, 2014
09:42 EDTPPandora management to meet with JPMorgan
Meeting to be held in Boston on November 19 hosted by JPMorgan.
November 16, 2014
18:57 EDTPSirius loses request to dismiss Turtles' lawsuit on pre-1972 songs, NYT says
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