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Fly News Breaks for April 19, 2016
P
Apr 19, 2016 | 07:33 EDT
Canaccord said listener hours improved for Pandora during Q1 as the company transitions from a single service music company to a much broader music marketplace. The firm believes with the improved listener hours that the company can hit Q1 estimates and with TV advertising about to begin they are additionally optimistic about Q2 developments. Canaccord reiterated its Buy rating and $13 price target on Pandora shares.
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