Analysts: Pandora Still Superior to iRadio and 3 More Research Notes to Investigate
Pandora Media (NYSE:P): While Apple’s (NASDAQ:AAPL) WWDC conference gets underway, JPMorgan still prefers Pandora over Apple’s iRadio offering (which the firm believes will be formally announced at the conference on Monday), as it believes that Pandora’s service has several advantages, including a large existing user base and broad device distribution. The firm has an Overweight rating on shares of Pandora.
Iron Mountain (NYSE:IRM): Wells Fargo still says the risk/reward on Iron Mountain shares is not compelling, following Friday’s sell-off. The firm is cautious on Iron Mountain’s REIT conversion possibility, and sees downside risk to the low $20 per share range should the conversion not go through. The firm has a Market Perform on the stock.
UnitedHealth (NYSE:UNH): Susquehanna has raised its price target from $72 to $79, citing its business mix and current comparable valuations. The firm believes the shares should be trading at 14 percent above current levels after a sum-of-the-parts valuation, and therefore puts the shares at Positive rated.
ARM Holdings (NASDAQ:ARMH): BMO Capital is confident that ARM Holdings will continue to outperform, and expects the company to generate above-industry EPS growth, largely driven by new markets and new products. The firm thinks that the stock can rise about 30 percent over its current levels, and subsequently keeps an Outperform rating on the shares.
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