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Fly News Breaks for April 26, 2018
FB
Apr 26, 2018 | 07:56 EDT
Wedbush analyst Michael Pachter raised his price target for Facebook to $275 from $260 after the company delivered Q1 results well ahead of expectations driven by broad-based growth across products and regions. The analyst expects Facebook to continue its rapid growth overseas and to increase monetization of under-penetrated Instagram, WhatsApp, and Messenger. Pachter reiterates an Outperform rating on the shares.
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