Pandora -1% as BMO cuts to Market Perform

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

Pandora Media (NYSE:P) is down 1% premarket after a downgrade at BMO, to Market Perform.

Daniel Salmon has cut his price target to $10 from $13, implying about 5.15% upside. He sees about a 15% chance that a bid superior to that of Sirius XM (NASDAQ:SIRI) will emerge.

SIRI is up 0.7% premarket.

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