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Pandora (P) Overhang Removed, Focus on New Foreign Markets - Rosenblatt
December 18, 2015 10:00 AM ESTRosenblatt analyst, Martin Pyykkonen, published a note on Pandora (NYSE: P) citing two reasons the stock could rally and a problem that could trump the first two points.
1) New Foreign Markets Within the Next Year
2) CRB Overhang Is Removed
3) Listener Hour (Usage) Growth Needs to Rebound
With the recent removal of the overhang around the CRB rate setting for Pandoras streaming radio service, Pandora could gain some traction among longer term investors in the new year. Starting on 1/1/16, Pandora will pay $0.17 per 100 songs... More
