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Fly News Breaks for January 8, 2016
P
Jan 8, 2016 | 08:53 EDT
After meeting with Pandora's management, Sterne Agee CRT says that the company's investments may create headwinds for its 2016 EBITDA. However, the firm remains upbeat on the company's strategy and thinks the returns will justify the investments. The firm says that the decline in the stock this week has created "an asymmetrically positive risk-reward opportunity." It keeps a $27 price target and Buy rating on the shares.
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