Analysts: Pandora Reports Strong Q3 and 3 More Research Notes to Look At
Pandora Media Inc. (NYSE:P): Canaccord said Pandora’s third-quarter results were solid, and the firm expects ad pricing to exceed traditional radio over time; Pandora shares are Buy rated and carry a $35 price target, up from $30.
GameStop Corp. (NYSE:GME): Needham upgraded GameStop to Buy from Hold based on valuation and better-than-expected third-quarter results driven by Grand Theft Auto V; the firm believes management guidance is “extremely conservative” and that a sell-through of next-generation consoles as well as cost leverage will drive the shares. The firm’s price target for GameStop stock is $60.
United Continental Holdings Inc. (NYSE:UAL): Goldman upgraded United Continental to Buy from Neutral due to valuation and estimates raised above consensus based on expectations for strong earnings growth in 2014; the firm puts a $44 price target on United Continental shares, up from $35.
Abercrombie & Fitch Co. (NYSE:ANF): Wells Fargo downgraded Abercrombie & Fitch to Market Perform fro Outperform, noting that the company has failed to recover business thus far, as well as skepticism around the execution of the company’s strategic initiatives. Wells lowered its price target range for Abercrombie & Fitch shares to $33-$36 from $43-$45.