Every day, Wall Street analysts upgrade some stocks, downgrade others, and “initiate coverage” on a few more. But do these analysts even know what they’re talking about? Today, we’re taking one high-profile Wall Street pick and putting it under the microscope…
With shares down only 11% over the past year, Pandora Media (NYSE: P) doesn’t look at first glance like a stock experiencing major troubles — but Pandora shareholders have been riding the rollercoaster for the better part of a year now.