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Fly News Breaks for July 3, 2018
P
Jul 3, 2018 | 09:00 EDT
Morgan Stanley analyst Benjamin Swinburne said Pandora management is taking clear steps in the right direction and pushing out much of its 2020 debt maturity has helped reduce downside risk, but he thinks it is still too early to declare victory. The analyst, who thinks the path to ad revenue growth and sustained free cash flow is still unclear, raised his price target on Pandora shares to $8 from $6 but keeps an Equal Weight rating on the stock.
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