Scalper1 News
Citing Pandora Media’s first-ever spending on consumer marketing, coupled with a “negative advertising vs. subscription revenue mix,” investment bank Credit Suisse cut its price target on Pandora stock Wednesday. The investment bank maintained a neutral rating on Pandora stock while lowering its price target to 24 from 30 for the Web radio streaming company. Pandora Media (P) stock was down 2.5% in afternoon trading in the stock market today, near Scalper1 News
Scalper1 News