SunTrust analyst Robert Peck said he was not surprised that Corvex's Keith Meister has increased his stake in Pandora (P) and called on it to explore a sale and he expects the shares to rally, especially in light of the fact that nearly 23% of the float is held short. He also expects Pandora to quickly publish an open response to Corvex, in which it is likely to voice Board support for the current strategy and leadership. Peck continues to think logical acquirers of Pandora could include competitor Spotify, Liberty Media (LMCA), AT&T (T), Verizon (VZ), and, to a lesser extent, Amazon (AMZN). SunTrust has a Neutral rating on Pandora shares, which are up 5.7% to $10.55 in early trading.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

Check out this morning's top movers from around Wall Street, compiled by The Fly.  HIGHER - Vista... To see the rest of the story go to thefly.com. See Story Here

Total wireless service revenue of $19.5 billion, a 3.3 percent increase year over year. Retail postpaid phone net losses of 68,000, and retail postpaid net additions of 253,000. Retail postpaid phone churn of 0.89 percent, and retail postpaid churn of 1.15 percent.

Total wireless service revenue growth of 2.0 percent to 3.5 percent. Adjusted EBITDA growth of 1.0 percent to 3.0 percent. Capital expenditures between $17.0 billion and $17.5 billion. Adjusted effective income tax rate1 in the range of 22.5 percent to 24.0 percent.

Reports Q1 revenue $33B, consensus $33.24B.

"Box Office Battle" is The Fly's weekly roundup of what movies topped the weekend's box office. A24’s “Civil War”... To see the rest of the story go to thefly.com. See Story Here