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Fly News Breaks for July 28, 2016
FB
Jul 28, 2016 | 07:55 EDT
Baird analyst Colin Sebastian raised his price target on Facebook to $155 from $135 following Q2 results that significantly exceeded expectations, driven by video ad momentum along with broad based strength across Newsfeed/Instagram ad formats. Sebastian reiterated his Outperform rating and said Facebook remains a top pick.
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