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Fly News Breaks for August 3, 2015
P
Aug 3, 2015 | 05:47 EDT
Piper Jaffray analyst James Marsh says he left meetings with Pandora management more bullish on the company's prospects. While uncertainty surrounding the Copyright Royalty Board decision remains a temporary overhang, management is "proactively de-risking its model," Marsh tells investors in a research note. He views the stock as undervalued and keeps an Overweight rating on Pandora with a $23 price target.
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