Bernstein Initiates Coverage of Spotify, Starts at 'Underperform'

Bernstein Bank has begun covering Spotify as a stock, and they are very bearish at the moment, believing that the stock is significantly underperforming. Todd Juenger, who is an analyst at Bernstein, has set a target price of $127. This means that he believes that the stock will eventually fall about 20% from its current […] The post Bernstein Initiates Coverage of Spotify, Starts at ‘Underperform’ appeared first on Digital Music News.