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Fly News Breaks for April 24, 2015
P
Apr 24, 2015 | 07:45 EDT
Canaccord noted Pandora reported strong Q1 revenue growth and believes it bodes well for the rest of the year. The firm believes investors may not warm up to the stock until there is more clarity on costs, but believes the current share price will prove to be a bargain. Canaccord reiterated its Buy rating but lowered its price target to $26 from $28 on Pandora shares.
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