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Fly News Breaks for April 28, 2016
FB
Apr 28, 2016 | 07:36 EDT
Oppenheimer analyst Jason Helfstein raised his price target for Facebook to $140 from $130 following a "modestly better" Q1 on higher ad sell-through, lower opex, and lower tax rate. Users are sharing and creating three times more video on Facebook than they were last year, the analyst tells investors in a research note, adding that he continues to believe video inventory is "significantly" under-monetized. Helfstein reiterates an Outperform rating on the shares.
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