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Fly News Breaks for April 23, 2015
FB
Apr 23, 2015 | 07:28 EDT
RBC Capital hiked its price target on Facebook as the firm thinks the company reported strong results. Noting that the company's ad revenue jumped 55% in Q1, RBC says that its fundamentals are "very positive," while it expects the company's organic ad revenues to rise 50%+ this year. RBC keeps an Outperform rating on the shares.
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