Analysts: Pandora Remains Strong and 3 Other Research Notes to Read
Pandora Media (NYSE:P): Canaccord believes that the company’s fundamentals remain strong, ahead of its Q1 report. Checks conducted by the firm indicate a growing audio ad load, higher quality of advertisers, and improving content costs and subscriptions revenues. It rates the shares at Buy, with an $18 price target.
Hess Corp. (NYSE:HES): Deutsche Bank sees the agreement over the upcoming board shifts with Elliot Management as a “win-win,” and keeps a Buy rating with an $80 price target.
SunPower (NASDAQ:SPWR): Northland Securities has raised SunPower’s price target to $33, up from $17, after a bullish analyst day on the basis that the solar industry end markets can sustain 20 percent (or more) demand growth and along with improving margins, and that SunPower will announce a lease partner near-term. It rates the shares at Outperform.
Coach (NYSE:COH): Sterne Agee has raised its estimates of Coach, noting that the company can take shares in the combined premium footwear/outwear market and faces an opportunity in watches. Agee keeps its Buy rating, with a price target of $65, up from $62.
Don’t Miss: Is Time Warner Cable Trying to Buy Hulu, Too?