Pandora Price Target Cut On Rising Royalties, Costs

By | December 24, 2015

Scalper1 News

Pandora Media (P) stock fell Thursday after the leading online music company got a price target cut from Macquarie, which cited rising royalties and other costs for the Oakland, Calif-based company. Pandora stock fell 2% in the shortened session in the stock market today, under 14. Pandora stock has fallen 22% this year on Wall Street’s concerns about competition and user growth. “New royalty assumptions and increased costs bring our estimates Scalper1 News

Scalper1 News