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Fly News Breaks for July 12, 2016
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Jul 12, 2016 | 14:08 EDT
Needham analyst Laura Martin raised Pandora's price target to $16 from $12 based on a roll forward to FY17 estimates from FY16. The analyst maintains her Buy rating based on Pandora's status as a category winner, upside from on-demand services, margin expansion, inexpensive valuation, and potential M&A.
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