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Fly News Breaks for September 14, 2016
P
Sep 14, 2016 | 07:38 EDT
After Pandora announced direct deals with most of the major music labels, SunTrust analyst Robert Peck says that the deals will enable the company "to launch new interactive services and enhance existing products." He thinks that improved monetization as a result of more expensive ads could enable it to offset "potential cost increases" stemming from higher royalties. He keeps an $18 price target and Buy rating on the shares.
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