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Fly News Breaks for August 1, 2017
P
Aug 1, 2017 | 08:09 EDT
After Pandora reported a lower than expected Q2 per share loss but lowered its revenue guidance, Stifel analyst John Egbert reduced his price target "to reflect a more modest near-term growth outlook." However, the analyst noted that the company expects trends in its ad business to improve in 2H17, and he says that the company's Premium business grew at a "healthy" rate. He keeps a Buy rating on the stock.
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