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Mobile display ad network owner Millennial Media (MM -4.5%) appears to be falling in sympathy...

Mobile display ad network owner Millennial Media (MM -4.5%) appears to be falling in sympathy with Pandora (P -17.5%), after the latter issued light FQ4 guidance to go with its FQ3 beat, and blamed it advertiser caution about January purchases. Reiterating a Reduce on Pandora, Nomura is concerned the guidance could be a sign of a softening in "new media" ad spending. However, BTIG and Wedbush think company-specific issues are playing a role. (transcript)
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