Shares of Pandora Media (P) are up about 1% Monday after reports began circulating that CEO Tim Westergren will step down.

The stock was also upgraded to sector weight at Pacific Crest.

"We continue to view fundamentals as challenged, but believe the combination of reduced M&A expectations and the likelihood for an increased focus on stabilizing cash flow reduces downside risk in P," the analyst said.

Their base case price target rests at $6. Their bull case price target is $16, while their bear case price target is $3.50. 

Pandora stock has actually been doing well as of late, up more than 18% in the past three trading sessions alone. However, Pandora is still down almost 10% over the past month and 36% in 2017.

Earlier this month, Pandora came to terms on a deal with SiriusXM Holdings Inc.  (SIRI - Get Report) , as the latter bought a $480 million minority stake in the company. "In exchange for its investment, SiriusXM will be given three seats on Pandora's board of directors, including the commanding position of chairman," TheStreet's Leon Lazaroff wrote June 9th.

For the analyst's part, they see Sirius being able to bring a "fresh perspective" to Pandora, but find it unlikely it will be able to change Pandora's fundamental issues.

What's Hot On TheStreet

Unusual to hear these words: Under Armour's (UAA - Get Report) founder Kevin Plank has never been one to sound weak in a public setting. Plank is known for his motivational speeches to employees and desire to crush all competition. So, it was odd to hear Plank say rival Nike (NKE - Get Report) "isn't playing fair" on the Today Show on Sunday -- it sounded like a CEO who after several below-plan quarters is finally realizing how challenging it will be to dethrone Nike.

Hat tip to Ford: A noted supporter of recycling, auto legend Henry Ford would be proud to know his spirit of conservation is still alive and well in the company that bears his name.

And in fact, as TheStreet learned on a recent trip to Ford's (F - Get Report) Dearborn, MI. headquarters, the founder's recycling efforts have been taken to a whole other level. Within Ford's Plastics and Materials Sustainability Research Department, which is tasked with finding ways to create auto parts from things found in the Earth such as soybeans and agave plants, senior technical leader Deborah Mielewski showed off a new coin tray made from shredded cash.

It took about $400 of cash to make the coin tray, said Mielewski.

Shout out to the 1990s: It may be time to cash in those Tesla (TSLA - Get Report) stock gains and go out and buy one of these new classic cars, TheStreet reports. There are several models from 1992, including the early version of the Dodge Viper, that are starting to take off in value.

Nestle rips to a high: Shares of chocolate maker Nestle touched an all-time high Monday after activist investor Third Point, led by Dan Loeb, revealed it had built a stake in the group and pressed for asset sales and increased buybacks. The stake is worth more than $3.5 billion, making Third Point one of Nestle's top 10 shareholders. For Loeb, this is one of his boldest bets yet as he tries to shake up the staid consumer packaged goods giant.

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This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.