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Fly News Breaks for February 28, 2017
P
Feb 28, 2017 | 07:51 EDT
Canaccord analyst Michael Graham said Pandora's Premium launch appears to be on track for late March and he expects the initial conversion trends should be solid. The analyst said the ad load sampling shows continued high ad load and a resurgence in local advertising. He notes the most important metric over the next 6-12 months will be subscriber growth and he believes the company can deliver. Graham reiterated his Buy rating and $18 price target on Pandora shares.
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