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Fly News Breaks for October 23, 2015
P
Oct 23, 2015 | 05:31 EDT
Piper Jaffray analyst James Marsh downgraded Pandora Media to Neutral saying competition is "meaningfully impacting" the company's growth while its expenses in content and market accelerate into 2016. Marsh recommends moving to the sidelines after Pandora cut its FY15 outlook. He lowered his price target for shares to $17 from $23.
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