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Fly News Breaks for October 9, 2015
FB
Oct 9, 2015 | 07:29 EDT
Credit Suisse analyst Stephen Ju raised estimates following checks that indicate a strong ramp in Premium Video, Instagram, and dynamic product ads budget allocation, combined with sequential growth for App Install and Newsfeed. Ju raised his price target on shares to $115 from $110 as he rolled estimates to 2016 and revised 2015-2017 earnings estimates to $2.15/$2.92/$4.08 from $2.09/$3.27/$4.57 respectively. The analyst rates Facebook shares an Outperform.
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