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7 analyst picks of the day: Spotify called a buy

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Guggenheim today upgraded Spotify (NYSE:SPOT) to Buy from Neutral, with a price target of $155 vs. the prior $120.

The firm said the decision hinges on its estimates of the company's subscription plan price increases and its cost management outlook.



The Food and Drug Administration (FDA) has sent a "no questions" letter to Good Meat, a manufacturer of so-called "cultivated chicken," the company says. That's a crucial step along the road to consumer distribution and follows a similar letter to Upside Foods, another manufacturer of the meat, last November.






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