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Fly News Breaks for November 1, 2018
SPOT
Nov 1, 2018 | 17:23 EDT
Loop Capital analyst Alan Gould lowered his price target on Spotify to $135 and kept his Sell rating after its in-line Q3 results and a reduction in the high-end of Q4 guidance. The analyst adds that while the stock has retreated in line with other igher multiple internet and streaming companies, he sees more downside pressure on belief that "library product is more critical in music than video and in a competitive music streaming market the music oligopoly will capture most of the incremental profits".
News For SPOT From the Last 2 Days
SPOT
Apr 18, 2024 | 06:45 EDT
