Pandora Pops on Analyst Upgrade: What You Need to Know
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...
Down 55% over the past 52 weeks, Pandora Media (NYSE: P) stock is hopping this morning, boosted by a positive analyst note out of BMO Capital Markets. This is, needless to say, a nice surprise for Pandora shareholders, who saw their stock trashed 22% earlier in the month after Pandora's surprise earnings miss. But is the pop real? Can it last?
Here are three things you need to know.
Source: Fool.com