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Fly News Breaks for October 23, 2015
P
Oct 23, 2015 | 08:44 EDT
SunTrust says that Pandora's guidance implies that its "monetization has hit a wall." The firm says its moneitzation thesis "is impaired," but it thinks the company still has a number of potential near-term catalysts, including conservative guidance, a decision on royalty rates,and direct deals. It cut its price target on the name to $18 from $25 but keeps a Buy rating on the shares.
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