OpenTable Shares Pop Despite Rating Drop, BMO Likes Pandora Long-Term
JP Morgan send a sell ripple through the markets this morning, but then investors found support and began lifting the markets again. This afternoon the markets have calmed down a bit. The S&P 500 (NYSEARCA:SPY) is down 11 points today, or 0.85% and trades at 1,284. Here’s what brokerage analysts had to say today about the following notable companies:
OpenTable, Inc. (NASDAQ:OPEN): Susquehanna lowers OpenTable target.The firm cites OpenTable’s growth may be more difficult, weakness in other software companies, conditions in Europe, and recent departure of the company’s chief executive officer for the downgrade. Susquehanna rate OpenTable as negative and lowered target from $45 to $40.
Pandora Media Inc (NYSE:P): BMO Capital sees long-term growth for Pandora. The firm expects increased usage and monetization at Pandora. The firm reiterates an Outperform
Youku.com Inc (NYSE:YOKU): Maxim sees intense competition for Youku.com. Competition for the Chinese online video market is ramping up and this is direct competition Youku.com. The firm reiterates a Sell with a $16 target.
To contact the reporter on this story: Jim Wilkerson at firstname.lastname@example.org
To contact the editor responsible for this story: Damien Hoffman at email@example.com