Analysts: Pandora Will Grow Throughout 2013 and 3 More Research Notes to Explore
Pandora (NYSE:P): Wells Fargo’s price target range has been raised to $20-$22 from $15-$17, after the company reported higher than expected Q1 revenue and raised its full-year EPS guidance. Stronger ad revenue will drive results for the second half of the year, and the firm keeps an Outperform on the shares.
Melco Crown (NASDAQ:MPEL): Macquarie has downgraded Melco Crown due to valuation concerns, but raised its estimates on higher market share growth forecasts and estimates. The price target was also raised to $24.10 from $18.60.
Salesforce.com (NYSE:CRM): Susquehanna sees post-result weakness as a buying opportunity, citing increased guidance and an evolving business model. It rates the shares at Positive with a $50 price target.
Aeropostale (NYSE:ARO): Brean Capital keeps a Sell rating on the retailer, after its in-line Q1 results, and on the belief that the company continues to face material competitive issues, limited pricing flexibility, and poor guidance. The price target is set at $11.