Pandora Falls More Than 3% as Carnegie Says Any Guidance Miss Would Bring Significant Volatility

• (PLX AI) - Pandora shares fell more than 3% after analysts at Carnegie said any guidance miss could bring significant volatility.
• • Pandora price target cut to DKK 1,050 from DKK 1,180 at Carnegie; recommendation remains buy
• • Pandora shares fell recently as markets slipped and amid potential concerns about consumer strength
• • It could be a good buying opportunity, unless Pandora misses on its guidance of gaining market share in the U.S., Carnegie said
• • Data from the US jewelry market doesn't indicate the company has been gaining share in recent quarters, so there is a risk that Q1 results could show Pandora growing more slowly in the U.S. than the overall market, according to the analysts