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Fly News Breaks for June 7, 2018
SPOT
Jun 7, 2018 | 08:31 EDT
As previously reported, Buckingham analyst Matthew Harrigan upgraded Spotify to Buy from Neutral and raised his price target on the shares to $195 from $175 given increased core forecast conviction coupled with new indications that Spotify creates better economics for both indie music artists and itself. The analyst remains adamant that Spotify is advantaged in both brand resonance among younger listeners and larger music oriented Artificial Intelligence data set size in building personalized playlists.
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