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Fly News Breaks for September 14, 2016
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Sep 14, 2016 | 07:32 EDT
Canaccord analyst Michael Graham raised his price target on Pandora to $18 from $14 citing its long anticipated direct sound recording licensing deals with Universal Music Group, Sony Music, and over 40 independent labels. The analyst said management is hopeful of also signing Warner Music Group, providing the company with catalogs to launch an on-demand service by year-end. Graham reiterated his Buy rating on Pandora shares.
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