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Fly News Breaks for October 26, 2016
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Oct 26, 2016 | 07:54 EDT
Canaccord analyst Michael Graham noted Pandora reported soft Q3 revenue numbers due to weakness from national entertainment and telco advertisers. He expects the softness to continue into Q4, but believes 2017 should be positive as the "decks have been cleared." Graham believes the weakness in Pandora will prove to be a great buying opportunity and reiterated his Buy rating and $18 price target.
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