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Fly News Breaks for April 26, 2018
FB
Apr 26, 2018 | 08:47 EDT
Morgan Stanley analyst Brian Nowak said Facebook's Q1 advertising results speak to the strength of the company's ad offering and platform monetization, which he sees being driven by its ad unit innovation and investment in building better products, improving relevancy, and driving higher ROI. Adding that he believes the company is investing from a position of strength to drive faster growth for longer, he raised his price target on Facebook shares to $210 from $200 and maintains a Overweight rating on the stock.
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