Alpha Diallo
All posts from Alpha Diallo
Alpha Diallo in Alpha Diallo,

Pandora rising on upgrade from MKM Parterns

(Image source:

Shares of the internet radio provider Pandora Media Inc (NYSE:P) are gaining in the early session of trading after its shares were upgraded from sell to neutral by MKM Partners. The price target was raised from $10 to $39 a share. MKM cited potential for higher ad revenue from mobile and local sources. Moreover, MKM cited Pandora’s dominances within its industry as a reason for the upgrade.