Cerner, Intel, Pandora Downgraded

Analysts are weighing in on IT specialist Cerner Corporation (NASDAQ:CERN), Dow stock Intel Corporation (NASDAQ:INTC), and streaming platform Pandora Media Inc (NYSE:P). Here's a quick roundup of today's bearish brokerage notes on CERN, INTC, and P.

Guidance, Analysts Slam Cerner Stock

CERN matched earnings expectations last night, but its downwardly revised outlook has provoked a rush of negative analyst notes. Oppenheimer downgraded the stock's rating to "perform" from "outperform," while at least eight other brokerage firms cut their price targets. Not surprisingly, Cerner Corporation shares have shed 3.1% this morning to trade at $52.22, extending their decline off an early August high of $67.50. Today's losses should be a boon to options traders, who have been very bearish of late. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), CERN has racked up a 10-day put/call volume ratio of 8.80 -- just 2 percentage points from an annual peak.

Canaccord Genuity Downgrades Intel

INTC is off 0.3% at $35.37, pressured by a downgrade to "hold" from "buy" at Canaccord Genuity -- which also slashed its price target to $38 from $43. The stock has been selling off since hitting a late-January 15-year high of $38.45, including Thursday's 2.5% drop. The shares could be in danger of additional downgrades if they don't turn higher soon. After all, nearly two-thirds of the analysts tracking Intel Corporation have offered up "buy" or better endorsements, with just a single "sell" opinion on the books.

Pandora Shares Edge Higher Post-Earnings

P has gained 2.5% at $12.96, after the company's narrower-than-expected quarterly loss. Attention among analysts has been mixed, with J.P. Morgan Securities trimming its price target to $19 from $20, and RBC raising its target to $16 from $14 -- both representing annual-high territory. On the charts, Pandora Media Inc has surged over 42% on a year-over-year basis, but short sellers remain unconvinced. Over 30% of the stock's float is sold short, which would take seven sessions to cover, at P's average daily volumes.