Pandora (P +2.7%) is rallying, apparently on a rumor an unnamed investor will take a large...

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

Pandora (P +2.7%) is rallying, apparently on a rumor an unnamed investor will take a large stake. The move comes even as Credit Suisse starts coverage at Neutral, expressing concerns about high content costs (forecast to be 60% of FY13 revenue) and low sell-through rates for premium mobile ads. Also of note is Pandora's announcement of several executive appointments for its ad unit, as it strives to improve monetization.