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Fly News Breaks for April 28, 2017
FB
Apr 28, 2017 | 09:39 EDT
Needham analyst Laura Martin raised her price target for Facebook to $165 from $150 saying her channel checks indicate a more robust digital advertising market and because the company is taking ad share faster than she had previously believed. The analyst adds that Instagram is adding users faster, and therefore should be a strong contributor in 2017. Martin reiterates a Buy rating on the shares.
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