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Fly News Breaks for December 17, 2015
P
Dec 17, 2015 | 08:38 EDT
Canaccord said the Copyright Royalty Board, or CRB, issued new rates that were quite a bit lower than the worst fears and believes the decision is positive for Pandora's business model. The decision removes a major overhang for stock sentiment and will allow investors to be more focused on growth and the potential direct licensing deals, said Canaccord, which reiterated its Buy rating and $24 price target on Pandora shares.
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