Global Equities Initiates Coverage of Pandora with Overweight and PT of $22

Global Equities initiated its coverage of Pandora (NYSE: P) with an Overweight rating and a price target of $22. On Wednesday, Pandora lost 3.42% of its value to end the day at $18.37. Its shares continued to slide in today's pre-market trading, after falling 0.38% to stand around $18.30.