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P

Pandora

$12.69

0.185 (1.48%)

12:37
10/19/16
10/19
12:37
10/19/16
12:37

Meister says Pandora 'very strategic asset,' likes owning shares

Keith Meister of Corvex Capital is speaking on CNBC.

  • 25

    Oct

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    Oct

P Pandora
$12.69

0.185 (1.48%)

10/04/16
10/04/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. CBS (CBS) upgraded to Buy from Sell at UBS with analyst Doug Mitchelson saying he sees any deal with Viacom (VIA) as priced into CBS shares already. He also has increased confidence in consensus estimates for CBS and sees further upside if the national TV ad market and CBS' ratings remain strong. 2. Pandora (P) upgraded to Conviction Buy from Buy at Goldman with analyst Heath Terry saying he sees significant upside to out-year estimates from premium radio and on-demand subscriptions. He expects competition to ease as new entrants slow and existing providers focus on profitability and limit "free" models. 3. Las Vegas Sands (LVS) upgraded to Buy from Neutral at BofA/Merrill with analyst Shaun Kelley saying shares remain fairly under-owned and thinks estimate revisions will move higher due to market momentum, better ROI for Parisian, Cotai infrastructure additions, and optionality from Japan and real estate. 4. KBR (KBR) upgraded to Buy from Hold at Deutsche Bank with analyst Chad Dillard saying yesterday's 10% post-guidance cut selloff is overdone and backward-looking. 5. West Marine (WMAR) upgraded to Buy from Neutral at B. Riley. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/14/16
JPMS
10/14/16
NO CHANGE
Target $134
JPMS
Overweight
JPMorgan tweaks Alibaba, Netflix targets lower ahead of Q3 results
JPMorgan analyst Doug Anmuth lowered his price target for Alibaba (BABA) to $134 from $135 and his target for Netflix (NFLX) to $122 from $125 ahead of the Q3 reporting season. Both stocks remain Overweight rated. The analyst slightly lowered his estimates for Alibaba to reflect tougher inventory comps and increased investment spending. He remains positive on the company's overall monetization trends. On Netflix, Anmuth tweaked his 2017 average selling price forecast lower while increasing his investment spend estimate modestly. Within the Internet space, the analyst's top large-cap picks into the quarter are Alphabet (GOOGL), Facebook (FB) and Amazon.com (AMZN). Among small-caps, his top picks into earnings are Yelp (YELP), Pandora (P) and Match Group (MTCH).
10/17/16
BOFA
10/17/16
DOWNGRADE
Target $9
BOFA
Underperform
Pandora downgraded to Underperform from Neutral at BofA/Merrill
BofA/Merrill analyst Nat Schindler downgraded Pandora to Underperform and lowered its price target to $9 from $14. The analyst believes Pandora's $4B revenue 2020 revenue goal will be difficult to achieve as the on-demand subscription streaming market has become increasingly competitive and the user base is fully penetrated. Schindler believes acquisition speculation has supported Pandora's valuation rather than fundamentals and lowered estimates to reflect reduced On-Demand services value given lower gross margin assumptions.
10/17/16
10/17/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. JPMorgan (JPM) downgraded to Neutral from Buy at Buckingham and to Market Perform from Outperform at BMO Capital. 2. Wells Fargo (WFC) downgraded to Market Perform from Outperform at Keefe Bruyette with analyst Brian Kleinhanzl saying the valuation "cannot overcome" all the uncertainty. 3. Lowe's (LOW) downgraded to Buy from Conviction Buy at Goldman with analyst Matthew Fassler saying the home improvement retail sector is closely tied to housing turnover and home improvement sales are also approaching normalized levels. 4. Pandora (P) downgraded to Underperform from Neutral at BofA/Merrill with analyst Nat Schindler saying he believes Pandora's $4B revenue 2020 revenue goal will be difficult to achieve as the on-demand subscription streaming market has become increasingly competitive and the user base is fully penetrated. 5. Time Warner (TWX) downgraded to Neutral from Outperform at Wedbush with analyst James Dix citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

INN

Summit Hotel Properties

$15.46

0.1 (0.65%)

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Duke Realty

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Rexford Industrial

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Taubman Centers

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Kimco Realty

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0.4 (2.09%)

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GGP

GGP

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0.25 (1.22%)

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DY

Dycom

$81.23

-1.46 (-1.77%)

05:06
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PNC

PNC Financial

$133.52

0.09 (0.07%)

, GS

Goldman Sachs

$230.26

-0.77 (-0.33%)

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PNC Financial, Goldman Sachs, Wells Fargo, Morgan Stanley, JPMorgan rating change  »

PNC Financial downgraded…

PNC

PNC Financial

$133.52

0.09 (0.07%)

GS

Goldman Sachs

$230.26

-0.77 (-0.33%)

WFC

Wells Fargo

$54.03

-0.22 (-0.41%)

MS

Morgan Stanley

$47.74

-0.48 (-1.00%)

JPM

JPMorgan

$94.12

-0.71 (-0.75%)

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JPM

JPMorgan

$94.12

-0.71 (-0.75%)

05:01
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JWN

Nordstrom

$47.32

0.44 (0.94%)

04:55
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09/26
04:55
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04:55
Conference/Events
Nordstrom management to meet with Wolfe Research »

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  • 26

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BMY

Bristol-Myers

$63.19

-0.17 (-0.27%)

04:55
09/26/17
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Conference/Events
Bristol-Myers management to meet with Jefferies »

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MCO

Moody's

$138.78

0.75 (0.54%)

04:55
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09/26
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Conference/Events
Moody's management to meet with Piper Jaffray »

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ALB

Albemarle

$128.89

-5.4 (-4.02%)

04:55
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Conference/Events
Albemarle management to meet with Seaport Global »

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AFSI

AmTrust

$12.98

-0.3 (-2.26%)

04:55
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Conference/Events
AmTrust management to meet with JMP Securities »

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  • 26

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NEE

NextEra Energy

$146.82

0.46 (0.31%)

, AES

AES Corp.

$11.21

0.1 (0.90%)

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NEE

NextEra Energy

$146.82

0.46 (0.31%)

AES

AES Corp.

$11.21

0.1 (0.90%)

PEGI

Pattern Energy

$25.53

-0.37 (-1.43%)

LNT

Alliant Energy

$42.25

0.52 (1.25%)

AGR

Avangrid

$47.10

0.6 (1.29%)

PNW

Pinnacle West

$86.85

0.7 (0.81%)

ETR

Entergy

$77.76

1.01 (1.32%)

PEG

PSEG

$46.50

0.31 (0.67%)

AWK

American Water

$82.48

0.45 (0.55%)

CMS

CMS Energy

$47.10

0.63 (1.36%)

AEP

American Electric

$71.04

0.47 (0.67%)

D

Dominion

$78.02

0.98 (1.27%)

ED

Consolidated Edison

$82.24

0.65 (0.80%)

ES

Eversource

$61.47

0.76 (1.25%)

EIX

Edison International

$79.27

0.99 (1.26%)

DUK

Duke Energy

$85.14

0.89 (1.06%)

DTE

DTE Energy

$109.74

1.36 (1.25%)

FE

FirstEnergy

$31.11

0.22 (0.71%)

WEC

WEC Energy

$64.24

0.63 (0.99%)

03/08/13
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DNOW

NOW Inc.

$13.26

0.27 (2.08%)

04:55
09/26/17
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NOW Inc. management to meet with JPMorgan »

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ALGT

Allegiant Travel

$133.95

3.85 (2.96%)

04:55
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Allegiant Travel management to meet with Sidoti »

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  • 26

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XPER

Xperi

$24.70

-0.35 (-1.40%)

04:55
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Conference/Events
Xperi management to meet with Craig Hallum »

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  • 26

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OZRK

Bank of the Ozarks

$45.90

0.34 (0.75%)

04:55
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Bank of the Ozarks management to meet with Piper Jaffray »

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04:55
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General news
Consumer Confidence to be reported at 10:00 »

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BGG

Briggs & Stratton

$22.93

0.24 (1.06%)

04:55
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Briggs & Stratton management to meet with Sidoti »

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PLUS

ePlus

$87.95

-0.65 (-0.73%)

04:55
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ePlus management to meet with Sidoti »

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04:55
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General news
Breaking General news story  »

Federal Reserve Chair…

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