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Fly News Breaks for January 4, 2016
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Jan 4, 2016 | 06:59 EDT
SunTrust analyst Robert Peck downgraded Pandora Media to Neutral saying increasing investments in new markets will weigh on the company's near-term profitability. It will be hard for the stock to outperform as Pandora builds for the long-term, Peck tells investors in a research note. He cut his price target for the shares to $15 from $18.
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