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Rating: P
Buy $22

Pandora Media Inc (NYSE: P) upgraded to Buy with price target $22 by CRT Capital

Wednesday,  Mar 18, 2015  9:25 AM ET by Lynn Gilbert

CRT Capital upgraded Pandora Media Inc (NYSE: P) to Buy with price target
$22. Previously, CRT Capital rated Pandora Media Inc (NYSE: P) to Fair Value with price target $16 on 02/06/2015, when the stock price was valued at $14.71.

Pandora Media, Inc. (Pandora) is an Internet radio in the United States. As of January 31, 2011, it had over 80 million registered users. The Music Genome Project and its playlist generating algorithms enable it to deliver personalized radio to its listeners. When a listener enters a single song, artist or genre to start a station, a process it calls seeding, the Music Genome Project together with its playlist generating algorithms, allows it to instantly generate a station. It generates revenue from advertising. It also offers a subscription service to listeners. The Pandora service allows listeners to seed personalized stations with artists, composers, songs and genres or choose stations organized by genre. Listeners can create up to 100 personalized stations and use its QuickMix combination feature to listen to two or more of their stations at one time.

CRT Capital has consistently provided its clients with creative, idea-driven advice and solutions through targeted research and trading of High-Yield, Distressed, Convertible, and Emerging Market Debt Securities and Equities.

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