Spotify faults itself for margin gains; stock hits new lows
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Spotify (SPOT) PT Lowered to $200 at RBC Capital
November 1, 2018 3:40 PM EDTRBC Capital analyst Mark Mahaney lowered the price target on Spotify (NYSE: SPOT) to $200.00 (from $215.00) while maintaining an Outperform rating following in-line Q3 results but slightly lowered its Q4 Premium Subs and Gross Margin guidance.
Keys for the quarter, according to Mahaney:
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