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Fly News Breaks for September 12, 2018
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Sep 12, 2018 | 06:29 EDT
Needham analyst Laura Martin raised her price target on Pandora to $13 and kept her Buy rating after meeting with its management. Based on the discussions, the analyst expects the company to drive upside to value through accelerated subscriber growth from its partnership focus and also derive revenue upside from podcasts and other non-music content. Martin also anticipates better relationships with music labels to help Pandora "lower minimum guarantee payments" as well as generate cost efficiencies.
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