Scalper1 News
Acknowledging that Pandora Media’s (P) solid brand awareness and satisfied customer base could be offset by growing competition and a potential rise in music acquisition costs, investment bank Topeka Capital Markets initiated coverage of the Internet radio company on Tuesday with a hold rating and price target of 30. “It is a household name in the U.S. and has a connected device footprint that is comparable to Netflix (NFLX),” wrote Topeka analyst Scalper1 News
Scalper1 News