BTIG Upgrades Pandora (P) to Neutral

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Pandora (P) is a 'Gift' As Competition Fades - Macquarie

January 21, 2016 8:51 AM EST

Macquarie analyst, Amy Yong, believes Pandora (NYSE: P) has a rare opportunity to become the dominant force in music as competition from radio giants Cumulus and iHeartRadio is dwindling due to overly levered balance sheets and choppy local ad trends. Failing competition should boost internal metrics and in turn the stock price. No change to the Outperform rating or $17 PT.

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