Pandora slides ahead of earnings following Albert Fried downgrade

|About: Pandora Media (P)|By:, SA News Editor

Albert Fried has cut Pandora (P -3%) to Underweight ahead of Thursday's FQ3 report, citing valuation. The firm's PT is unchanged at $23.

Analyst commentary going into earnings has been very positive overall. JPMorgan and Needham recently raised their PTs, and Susquehanna and Piper have joined in today.