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Fly News Breaks for February 22, 2018
P
Feb 22, 2018 | 08:52 EDT
Morgan Stanley analyst Benjamin Swinburne said Pandora's Q4 results showed "reasons for optimism," including the fact its advertising RPM growth of 12% was well ahead of expectations. However, users and hours declined more than expected and the company's Q1 guidance shows that it remains early in Pandora's turnaround, said Swinburne, who keeps his Equal Weight rating and $6 price target on the stock.
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