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Fly News Breaks for January 13, 2017
P
Jan 13, 2017 | 07:18 EDT
Canaccord analyst Michael Graham noted Pandora pre-announced that it exceeded prior Q4 guidance for both revenues and earnings, driven by strong advertising performance. The analyst saw several other positives in the announcement, including the number of upgrades by subscribers from the ad-supported product and management's statement it will not need additional capital. Graham reiterated his Buy rating and $18 price target on Pandora shares.
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