Two downgrades for Pandora (P -23.2%) after its big Q4 miss. Raymond James cuts its rating to...

|About: Pandora Media (P)|By:, SA News Editor
Two downgrades for Pandora (P -23.2%) after its big Q4 miss. Raymond James cuts its rating to Market Perform, expecting shares to be range-bound until seeing "greater traction with mobile monetization... and improved operating margins." Citi cuts shares to Neutral and drops its price target to $17 from $25, slamming "no profitability track record and no near-term profitable outlook."