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Fly News Breaks for March 3, 2015
P
Mar 3, 2015 | 07:04 EDT
After speaking with Pandora's CEO, JMP Securities believes that the mix shift to local markets is continuing to improve the company's monetization trends. The firm thinks that the company can expand the scope of its subscription business, but it believes that the stock's risk/reward is balanced at current levels, due to decelerating user growth and engagement and uncertainty over content costs. The firm keeps a Market Perform rating on the shares.
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