Leadership Changes, Recognitions, Conference Schedules, and Financial Results Releases - Analyst Notes on Target, Union Pacific, Pandora, Discovery and Office Depot

NEW YORK, May 9, 2014 /PRNewswire/ --

Today, Analysts Review released its analysts' notes regarding Target Corp. (NYSE: TGT), Union Pacific Corporation (NYSE: UNP), Pandora Media, Inc. (NYSE: P), Discovery Communications, Inc. (NASDAQ: DISCA) and Office Depot, Inc. (NYSE: ODP). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2259-100free.

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Target Corp. Analyst Notes
On May 5, 2014, Target Corp.'s (Target) Board of directors issued a statement citing the need for new leadership at the Company. According to the statement, effective immediately, Gregg Steinhafel will step down from his positions as Chairman of the Target Board of Directors, President and CEO. Gregg will be replaced by John Mulligan, Target's CFO, who will take over as Interim President and CEO. Roxanne S. Austin, a current member of Target's Board of Directors, has been appointed as Interim Non-Executive Chair of the board. Also, as per the statement, Gregg Steinhafel agreed to serve in an advisory capacity during this transition. Target's stock, fell 7.05% from the closing on May 2, 2014 upto May 6, 2014. The full analyst notes on Target are available to download free of charge at:

http://www.analystsreview.com/2259-TGT-09May2014.pdf

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Union Pacific Corporation Analyst Notes
On May 5, 2014, Union Pacific Corporation (Union Pacific) recognized 85 companies with the annual Pinnacle Award for chemical transportation safety. The award recognizes Union Pacific customers that implemented successful prevention and corrective plans and achieved a rate of zero non-accident releases for regulated hazardous materials shipments. Beth Whited, Union Pacific's Vice President and General Manager of Chemicals, commented, "Whether it is fertilizer that enriches our crops or the plastics used for a range of consumer packaging, Union Pacific is committed to safely transporting the chemicals Americans use every day." Approximately two-thirds of the Company's chemical business originates, terminates or travels through its rail network. The full analyst notes on Union Pacific are available to download free of charge at:

http://www.analystsreview.com/2259-UNP-09May2014.pdf

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Pandora Media, Inc. Analyst Notes
On May 6, 2014, Pandora Media, Inc. (Pandora) announced that the Company CFO Mike Herring will participate in the Wedbush Securities' 12th Annual Transformational Technologies Management Access Conference and in the SunTrust Robinson Humphrey Internet & Digital Media Conference. Herring will speak at the Wedbush Conference on, May 13, 2014 at 7:20 a.m. PT / 10:20 a.m. ET in New York, NY and at the SunTrust Conference on May 14, 2014 at 8:05 a.m. PT / 11:05 a.m. ET in San Francisco, California. A live webcast of both the conferences will be available for access on the Company's website. The full analyst notes on Pandora are available to download free of charge at:

http://www.analystsreview.com/2259-P-09May2014.pdf

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Discovery Communications, Inc. Analyst Notes
On May 6, 2014, Discovery Communications, Inc. (Discovery) reported its financial results for Q1 2014. The Company posted 22.1% YoY increase in total revenues during the quarter to $1.4 billion, led by 51% growth at International Networks and 3% growth at U.S. Networks. Net income available to Discovery for Q1 2014 came in at $230 million, or $0.66 per diluted share, versus $231 million, or $0.63 per diluted share in Q1 2013. Adjusted earnings per diluted share, which excludes the impact of the amortization of acquisition related intangible assets, was $0.75 per diluted share. Analysts at Thomson Reuters expected the Company to report earnings of $0.71 per share for Q1 2014, excluding special items. For full-year 2014, the Company expects net income available to Discovery to range between $1.2 billion and $1.3 billion. The shares of the Company ended 3.93% lower, closing the day at $74.71. The full analyst notes on Discovery are available to download free of charge at:

http://www.analystsreview.com/2259-DISCA-09May2014.pdf

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Office Depot, Inc. Analyst Notes
On May 6, 2014, Office Depot, Inc. (Office Depot) released financial results for Q1 FY 2014 (period ended March 29, 2014). The total sales were reported at $4.4 billion, down 2.9% YoY on a pro forma basis. OfficeMax merged into Office Depot in November 2013. Adjusted operating income for Q1 FY 2014, which excludes the special items, increased to $72 million compared to combined pro forma adjusted operating income of $54 million in Q1 FY 2013, while the adjusted net income attributable to common stockholders increased to $38 million, or $0.07 cents per share, compared to combined pro forma adjusted net income of $18 million, or $0.03 cents per share, in the prior year period. The Company raised its estimated total annual run-rate of synergies to more than $675 million by the end of 2016, as compared to its previous outlook of more than $600 million. The full analyst notes on Office Depot are available to download free of charge at:

http://www.analystsreview.com/2259-ODP-09May2014.pdf

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