Pandora (P +3.1%) is still positive thanks to Merrill Lynch's Nat Schindler launching coverage...

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

Pandora (P +3.1%) is still positive thanks to Merrill Lynch's Nat Schindler launching coverage with a Buy rating and $17 PT. With 60% of Pandora listening now on mobile devices, Schindler sees the company as a play on mobile Internet growth, and believes revenues will surge as it streams more audio ads.