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Fly News Breaks for June 9, 2015
AAPL, P
Jun 9, 2015 | 08:43 EDT
JMP Securities believes that Apple's (AAPL) new paid streaming music service, Apple Music, is a competitive threat to Pandora’ (P)s ad-free music service. The firm thinks that Apple's music products could draw users away from Pandora's ad-supported product over time. JMP Securities sees Pandora's risk/reward ratio as balanced at current levels and keeps a Market Perform rating on the shares.