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Fly News Breaks for June 26, 2017
SIRI, P
Jun 26, 2017 | 06:33 EDT
Pacific Crest analyst Andy Hargreaves upgraded Pandora Media (P) to Sector Weight saying the SiriusXM-appointed board members are likely to push for a moderated cash burn rate. The analyst believes lower cash burn, even at the expense of subscriber growth, would be a positive for Pandora. He has a $6 fair value estimate for the shares.