Pandora (P -2.4%) slumps after Wedbush downgrades shares to Neutral, albeit while lifting its PT...

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

Pandora (P -2.4%) slumps after Wedbush downgrades shares to Neutral, albeit while lifting its PT to $11.50. The firm expresses concerns about "valuation, competition, and royalty rates," but is also encouraged by an improving ad landscape and continued Web/mobile growth.