Pandora Media Gets Upgrade from Wedbush to Outperform and Under Armour Upgraded to Buy by Stern Agee

Pandora Media, Inc. (NYSE: P) shares closed down nearly 5% on Monday on nearly 22 million shares traded. Despite the drop, firm Wedbush upgraded the Internet radio services company from neutral to outperform. Analyst Michael Pachter gave the stock a price target of $35 on the stock. "Pandora will report Q1 results after the market close on Thursday, April 24, and we expect management to raise full-year guidance by the amounts of the Q1 beats at least," commented Pachter.

Pandora Media, Inc. provides Internet radio services in the United States. The company allows listeners to create up to 100 personalized stations to access free music and comedy, as well as offers Pandora One, a paid subscription service to listeners. It is also involved in the sale of displays, audio advertising, and video advertising products to advertisers for delivery on computer, mobile, and other connected device platforms.

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Under Armour, Inc. (NYSE: UA) shares dropped despite Stern Agee upgrading the athletic apparel company to buy from neutral. Analyst Sam Poser gave the stock a price target of $125 on the stock. Stern Agee expects Under Armour to post 2014 EPS of $1.89, versus the consensus of $1.85, on a revenue jump of 23.7%. "The brand's performance has remained strong through a very tough 1Q14. Apparel sales are the most robust," said Poser. "The Speedform Apollo running shoe has come out of the gate well, and progress is being made in footwear. The International business should reach 12% penetration within the next three years."

Under Armour, Inc., together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, Asia, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot, cold, and in between the extremes.

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