Analysts: October Metrics Are Key for Pandora and 3 Other Research Notes to Check Out

Pandora Media (NYSE:P): Wells Fargo says that Pandora’s active listener growth in September was modestly ahead of the firm’s estimates, and that it’s still too early to judge the impact of Apple’s (NASDAQ:AAPL) iTunes Radio launch. Wells thinks October metrics will be key for Pandora. The firm sees competitive threats continuing to create headlines for Pandora, but says its thesis on Pandora shares remains unchanged, keeping on Outperform rating on the stock.

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Walgreen Co. (NYSE:WAG): After Walgreen reported lower-than-expected earnings per share when adjusting for litigation but its sales comps improved, Cowen expects the comps improvement and positive comments from the company about its 2014 fiscal year outlook to propel the stock higher. The firm views the stock as compelling and keeps an Outperform rating on the shares.

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SanDisk Corp. (NASDAQ:SNDK): Sterne Agee expects SanDisk’s gross margins to rise further in the second half of 2013, as the firm reported that the stock tends to move in tandem with gross margins. SanDisk should announce higher-than-expected fourth-quarter revenue, said the firm, which keeps a Buy rating on the shares.

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Global Payments (NYSE:GPN): After Global Payments reported first-quarter results that RW Baird viewed as strong, the firm believes that sentiment toward the company could improve, enabling the stock to reach the mid-$50s in the near term. The firm increased its estimates for the company and keeps an Outperform rating on the shares.

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