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Fly News Breaks for April 28, 2016
FB
Apr 28, 2016 | 07:51 EDT
UBS said Facebook is poised to be a key long-term holding for investors to gain access to above-industry secular growth at a reasonable forward valuation. The firm cited the company's continued solid user growth, stable engagement, and successful iteration on the ad product side. UBS reiterated its Buy rating and raised its price target to $150 from $130 on Facebook shares.
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