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Fly News Breaks for December 7, 2016
P
Dec 7, 2016 | 07:29 EDT
Canaccord analyst Michael Graham believes Pandora's launch of Pandora Premium will lead to several quarters of better than expected subscriber conversions and should be positive for the business and stock beginning next year. Fundamentally, the analyst sees a mix of indicators with a slightly lower local mix, but with significant progress in display sell-through. Graham reiterated his Buy rating and $18 price target on Pandora shares.
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