DeVry Brasil Acquires Ibmec Group

Nomura Securities Remains Sidelined on Pandora (P) as CRB's Ruling Came Roughly In-Line with Expectations

Nomura Securities reiterated a Neutral rating on Pandora (NYSE: P), and raised the price target to $17.00 (from $16.00), following the Copyright Royalty Board's (CRB) new rates for the Web IV proceeding for the 2016-2020 period. At $0.17 per hundred songs streamed, the new Webcaster IV rates are in line with investors expectations. Rate increases linked... More

Wedbush Reiterated Outperform on Pandora (P) Following CRB Determination

Wedbush reiterated an Outperform rating and $26.00 price target on Pandora (NYSE: P) following the Copyright Royalty Board's rate determination for the company. The 2016 rate for Pandoras ad-supported service will be $0.0017 compared with the 2015 rate of $0.0014, and the subscription rate will be $0.0022 compared with the 2015 rate of $0.0025.... More

CRB Ruling Brings Clarity to Pandora (P) - BMO Capital Raises PT to $16

BMO Capital reiterated a Market Perform rating on Pandora (NYSE: P), and raised the price target to $16.00 (from $14.00), after a CRB ruling. The CRB ruled yesterday that streaming rates will be set at $0.17 per 100 spins for ad-supported listening, and $0.22 per 100 spins for subscription-supported listening. The CRB ruling brings clarity to 2016.

Analyst Daniel Salmon commented,... More

CRB Decision Hands Pandora (P) a 'Hat Trick' - Needham & Company Reiterates Buy

Needham & Company reiterated a Buy rating and $24.00 price target on Pandora (NYSE: P) following a CRB decision that handed the company a series of wins. The CRB raised Ps total costs by 15% to a blended rate of $0.176/100 songs, made up by 20% higher advertising music costs to $0.17/100 songs in 2016, partially... More