Web music streaming service Pandora Media (P) has cherry-picked top ad salespeople from the traditional terrestrial radio industry, will likely enter at least one new foreign market next year and is ramping up its presence in cars, according to an analyst report on Wednesday that boosted the price target on Pandora Media stock. Pandora also will fare well against Apple (AAPL) Music in Q3 as the initial 90-day free trial lapses for the new Apple
Sprint (S) has gained marketing momentum, says Pacific Crest Securities, which forecasts that wireless industry promotional activity might pick up during the back-to-school shopping period. While some Wall Street analysts have recently said aggressive discounting appeared to be easing, perhaps until the Q4 holiday shopping season, others say Apple’s (AAPL) expected rollout of the iPhone 6S in mid-September could bring a new round of price cutting.
Solar company SunEdison (SUNE), Sprint (S) and Apple (AAPL) made up the market’s most active tech stocks Tuesday. Micron Technology (MU) and Cisco Systems (CSCO) also moved in high volume, as didMicrosoft (MSFT) and Facebook (FB), with the latter up more than 1% after an analyst price target hike. Solar Shares Fly Trading in SunEdison stock neared 66 million shares in the stock market today, more than triple its average volume. SunEdison fell a