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Fly News Breaks for July 27, 2017
FB
Jul 27, 2017 | 06:32 EDT
JPMorgan analyst Doug Anmuth raised his price target for Facebook shares to $210 saying the company last night reported another strong quarter. The stock in premarket trading is up 4% to $172.60. Facebook continues to show a "rare and impressive" combination of scale, growth, and profitability, Anmuth tells investors in a post-earnings research note. He believes the valuation remains attractive even with the shares up 49% year-to-date. Facebook remains the analyst's favorite large-cap name.
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