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Fly News Breaks for November 24, 2015
FB
Nov 24, 2015 | 08:10 EDT
MKM Partners believes that Facebook's valuation is "not aggressive," and says that the company is still growing its revenue by over 50% on a constant currency basis. The firm raised its price target on Facebook to $130 from $120 and does not recommend reducing exposure to the stock. It keeps a Buy rating on the shares.
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