Economy

Pandora Media Downgraded to Sector Perform by RBC Amid Sirius Deal

Pandora Media Downgraded to Sector Perform by RBC Amid Sirius Deal

Pandora Media (P) received an investment-rating downgrade to sector perform from outperform from RBC Capital Markets after the music-delivery company said earlier this week it agreed to be acquired by satellite-radio company Sirius XM Holdings (SIRI) in an all-stock deal valued at about $3.5 billion at the time of the announcement. RBC kept its price target on Pandora’s shares at […]