Analysts: Pandora Keeps Lead in Internet Radio and 3 More Research Notes to Check Out
Pandora Media Inc. (NYSE:P): Canaccord’s survey indicates 92 percent of Apple’s (NASDAQ:AAPL) iTunes Radio listeners still use Pandora, indicating Pandora’s October metrics are unlikely to be impacted by iTunes Radio; the firm believes this could be a positive catalyst for Pandora’s shares, and the analyst reiterates its Buy rating and $30 price target for the stock.
3D Systems Corp. (NYSE:DDD): Brean Capital raised its price target for 3D Systems to $70 from $60 on expectations that the company’s solid unit growth will continue through 2015; the firm expects the consensus estimates for 2014 and 2015 to rise even higher and keeps a Buy rating on 3D Systems stock.
Gilead Sciences Inc. (NASDAQ:GILD): Oppenheimer raised its price target on Gilead Sciences to $80 from $70 after a Food and Drug Administration panel voted unanimously to approve Gilead’s sovosbuvir as a treatment for two forms of HCV; the firm expects the drug to be implemented immediately as a treatment for a significant number of patients with one form of the disease. Oppenheimer raised its estimates on Gilead Sciences and keeps an Outperform rating on the shares.
Cliffs Natural Resources (NYSE:CLF): Wells Fargo increased its price target on Cliffs Natural to $23-$26 from $20-$24, believing that the company reported strong third-quarter earnings. However, the firm thinks that iron ore pricing has a negative bias over the long term, and the analyst speculates that the prices may have peaked; as a result, it keeps a Market Perform rating on Cliffs Natural.
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