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Fly News Breaks for April 23, 2015
FB
Apr 23, 2015 | 07:45 EDT
JPMorgan raised its price target for Facebook shares to $100 saying the company posted strong Q1 results despite a challenging currency environment. The firm highlights Facebook's growth in organic and promoted video views as well as its better ad targeting and measurement tools. JPMorgan continues to view Facebook as the best positioned company in the internet space over the next five years. It keeps an Overweight rating on the stock.
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