Wedbush analyst Michael Pachter noted Pandora (P) reported higher than expected Q4 revenue but that its investment spending accelerated. Pachter said Pandora appears to be emulating Netflix (NFLX) with its strategic plan and will continue to make significant investments this year, but sees a key differnce being that Pandora has relatively well-settled pricing for its content. The analyst, who thinks Pandora's three-tier offering gives it a competitive advantage over virtually every other service, keeps an Outperform rating on shares but lowered his price target to $15 from $26.

Comcast (CMCSA) is scheduled to announce quarterly results on April 25, while Paramount (PARA) and Warner Bros. Discovery (WBD) are... To see the rest of the story go to thefly.com. See Story Here