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Fly News Breaks for July 24, 2017
P
Jul 24, 2017 | 07:22 EDT
After meeting with Pandora's interim CEO, SunTrust analyst Matthew Thornton says that the company plans to focus on further moentizing its core i.e. free radio offering. The analyst says that the company plans to increase the size of its sales force, a move that he believes could raise its "revenue/EBITDA" by $150M. Thornton adds that the company intends to expand to overseas markets over the longer term. He keeps a $10.50 price target and a Buy rating on the shares.
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