Thursday, August 30, 2012

(P) Pandora: Trending Nicely in the Pre-Market

(P): Pandora Media --- Sun Trust Rbsn Humphrey Upgraded to BUY(from Neutral)
(P)  Pandora Media upgraded to Buy from Hold at Canaccord Genuity
(P) Pandora Media beats by $0.04, reports revs in-line; guides Q3 EPS in-line, revs above consensus; guides FY13 EPS above consensus, revs above consensus

 As mentioned earlier Canaccord Genuity upgraded P to Buy from Hold and raised their tgt to $16 from $13 following earnings and based on improving visibility to their now- higher baseline forecast, and on potential upside stemming from higher mobile monetization and possibly from moderating content costs.

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