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P

Pandora

$10.79

-0.235 (-2.13%)

, KKR

KKR

$17.33

-0.24 (-1.37%)

14:33
04/13/17
04/13
14:33
04/13/17
14:33

Pandora in talks with private equity firms to fund expansion, NYPost reports

In order to help expand its business, Pandora (P) may team up with a private equity firm, according to The New York Post. The company has been in talks with Providence Equity Partners, Silver Lake and KKR (KKR), among others, the publication said, adding that Pandora's CEO Tim Westergren just launched a paid on-demand service and has ambitions to roll it out beyond North America but needs cash to pay royalties. Reference Link

P

Pandora

$10.79

-0.235 (-2.13%)

KKR

KKR

$17.33

-0.24 (-1.37%)

P Pandora
$10.79

-0.235 (-2.13%)

02/10/17
ADAM
02/10/17
NO CHANGE
Target $18
ADAM
Buy
Pandora likely to create more value as independent company, says Canaccord
Canaccord analyst Michael Graham said Pandora's Q4 results were solid and inline with its preannouncement. He said his thesis remains intact as he continues to see strength in subscriber conversion, which argues well for the company to remain independent in the near-term, which he believes will create the most value for shareholders. Graham reiterated his Buy rating and $18 price target on Pandora shares.
02/28/17
ADAM
02/28/17
NO CHANGE
Target $18
ADAM
Buy
Pandora Premium launch on track, says Canaccord
Canaccord analyst Michael Graham said Pandora's Premium launch appears to be on track for late March and he expects the initial conversion trends should be solid. The analyst said the ad load sampling shows continued high ad load and a resurgence in local advertising. He notes the most important metric over the next 6-12 months will be subscriber growth and he believes the company can deliver. Graham reiterated his Buy rating and $18 price target on Pandora shares.
03/22/17
PIPR
03/22/17
NO CHANGE
Target $18
PIPR
Overweight
Piper says survey supports positive view of Pandora shares
Piper Jaffray analyst Stan Meyers continues to believe that Liberty Media (LMCA) and SiriusXM (SIRI) remain a potential buyer of Pandora Media (P) with the price likely dependent on the success of Pandora's new Premium and Plus offerings. The analyst conducted a second survey of Pandora users and found that demand from current listeners for the Pandora Premium remained largely unchanged at 15% while interest in Pandora Plus declined from 28% to 14%. The survey shows "meaningful pent-up demand" for Pandora's new offerings, Meyers tells investors in a research note. He believes this supports his positive view on the shares. Meyers has an Overweight rating on Pandora with an $18 price target.
04/11/17
MACQ
04/11/17
NO CHANGE
Target $5.85
MACQ
Outperform
Sirius XM focus should be on CRB, not Pandora, says Macquarie
Macquarie analyst Amy Young said Pandora (P) interest and digital threats remain in he background, but the greater unknown for Sirius (SIRI) is the upcoming CRB hearing this month to determine the royalty rate through 2022. The analyst expects a 100bps bump in 2018, similar to 2012, with a 50bps escalator through 2022, and other costs to remain under control, which should offset R&D/marketing investments for 360L. Young remains bullish on Sirius' the resiliency of Sirius core model and continues to expect net adds, free cash flow, and buybacks to exceed expectations. The analyst has an Outperform rating and $5.85 price target on Sirius XM shares.
KKR KKR
$17.33

-0.24 (-1.37%)

04/26/16
OPCO
04/26/16
NO CHANGE
Target $24
OPCO
Outperform
KKR fundamentals remain 'sound,' says Oppenheimer
Oppenheimer analyst Chris Kotowski says KKR's Q1 results were disappointing, missing on larger non-cash marks, but cash earnings metrics were closer to expectations and overall fundraising was strong. The analyst continues to think that the business is "very healthy." Kotowski reiterates an Outperform rating and raised his price target on the shares to $24 from $23.
07/05/16
07/05/16
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. Netflix (NFLX) downgraded to Hold from Buy at Needham with analyst Laura Martin saying that the U.K.'s "Brexit" adds risk that decelerating U.K. and EU GDP growth will slow the company's subscriber growth or accelerate its churn rates. 2. Harley-Davidson (HOG) downgraded to Neutral from Outperform at Baird with the firm citing valuation amid unconfirmed rumors that KKR (KKR) is interested in acquiring the company. 3. Cirrus Logic (CRUS) and Skyworks (SWKS) downgraded to Sector Weight from Overweight at Pacific Crest with analyst Michael McConnell citing iPhone 7 concerns putting the estimates of both companies at risk. The analyst expects a 15%-20% decline in iPhone 7 shipments in the second half of 2016. 4. Cerner (CERN) downgraded to Market Perform from Outperform at Raymond James with analyst Nicholas Jansen citing balanced risk/reward and expectations for Q2 results to return to "normalcy." 5. Hershey (HSY) downgraded to Hold from Buy at Argus with analyst David Coleman citing valuation following takeover overtures by Mondelez (MDLZ). This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/07/16
FBCO
07/07/16
INITIATION
Target $16
FBCO
Outperform
KKR reinstated with an Outperform at Credit Suisse
Target $16.
02/02/17
KEYB
02/02/17
NO CHANGE
KEYB
Air Methods sale would 'at least attract initial interest,' says KeyBanc
After The Wall Street Journal reported that Air Methods (AIRM) is in the early stages of selling itself, KeyBanc says that a sale of the company "would at least attract initial interest from both financial and strategic buyers." However, the firm is unsure as to whether a deal would close, given what it sees as Air Methods' "operational challenges." KeyBanc estimates that "a non-strategic buyer" of Air Methods could pay in the low to mid $40s per share for the stock. However, it thinks that Air Medical Group Holdings and KKR could offer a meaningfully higher price, given the $30M-$40M in synergies thatit estimates could be realized by such a deal. KeyBanc raised its price target on Air Methods to $45 from $36 and keeps an Overweight rating on it.

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GT

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Buy Baker Hughes, Barron's says »

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0.02 (0.06%)

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IBM

IBM

$148.97

-0.15 (-0.10%)

09:10
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GE

General Electric

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Option play offer some help given GE dividend, depressed stock, Barron's says »

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General Electric

$18.21

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TWX

Time Warner

$88.72

0.71 (0.81%)

, T

AT&T

$34.51

-0.01 (-0.03%)

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TWX

Time Warner

$88.72

0.71 (0.81%)

T

AT&T

$34.51

-0.01 (-0.03%)

NYT

New York Times

$17.65

0.05 (0.28%)

TEX

Terex

$44.82

0.8 (1.82%)

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TPIC

TPI Composites

$19.06

-0.97 (-4.84%)

07:25
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07:25
Conference/Events
TPI Composites to host investor day »

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SYNA

Synaptics

$38.21

0.57 (1.51%)

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Conference/Events
Synaptics management to meet with KeyBanc »

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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

, BRCD

Brocade

18:01
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Hot Stocks
S&P announces changes to S&P MidCap 400, S&P SmallCap 600 indices »

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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

BRCD

Brocade

IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

AVGO

Broadcom

$271.86

-0.25 (-0.09%)

TCMD

Tactile Systems

$25.98

-0.23 (-0.88%)

LMOS

Lumos Networks

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WGL

WGL Holdings

$84.32

-0.14 (-0.17%)

18:01
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Earnings
WGL Holdings reports Q4 adjusted EPS (17c), consensus (19c) »

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TCMD

Tactile Systems

$25.98

-0.23 (-0.88%)

, LMOS

Lumos Networks

17:58
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TCMD

Tactile Systems

$25.98

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LMOS

Lumos Networks

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IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

, MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

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Breaking Hot Stocks news story on Invesco Mortgage, MKS Instruments »

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IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

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MKS Instruments

$103.50

-0.35 (-0.34%)

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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

, BRCD

Brocade

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Hot Stocks
MKS Instruments to replace Brocade in S&P 400 at open on 11/22 »

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MKSI

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$103.50

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UQM

UQM Technologies

$1.18

0.015 (1.29%)

17:24
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Syndicate
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GS

Goldman Sachs

$238.02

-1.35 (-0.56%)

17:23
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VICL

Vical

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LGND

Ligand

$140.31

-1.4 (-0.99%)

17:18
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Ligand director sells 5,000 common shares »

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LGND

Ligand

$140.31

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Ligand CFO sells 6,559 common shares »

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LGND

Ligand

$140.31

-1.4 (-0.99%)

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MBI

MBIA

$9.01

0.13 (1.46%)

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Breaking Hot Stocks news story on MBIA »

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RBCN

Rubicon

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0.1218 (1.53%)

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