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Fly News Breaks for July 24, 2017
FB
Jul 24, 2017 | 09:20 EDT
BofA/Merrill analyst Justin Post expects Facebook to report Q2 upside to revenues and earnings based on positive ad checks, Online video sector strength, and Instagram momentum. The analyst sees potential pricing tailwinds driving upside and is optimistic on the second half given potential earnings revisions on pricing, Instagram, and messaging progress. Post highlights Facebook as a top pick and raised its price target to $180 from $170 based on messenger upside and reiterates a Buy rating.
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