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Fly News Breaks for December 17, 2015
P
Dec 17, 2015 | 07:36 EDT
JPMorgan analyst Doug Anmuth raised his price target for Pandora Media to $30 saying the Copyright Royalty Board rate determination is a "major win" for the company. The 15% increase in blended rates for 2016 was within expectations and the annual step-ups are "more muted," which should supper better long-term profitability, Anmuth tells investors in a research note. He keeps an Overweight rating on the shares.
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