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Fly News Breaks for July 20, 2018
FB
Jul 20, 2018 | 07:02 EDT
Deutsche Bank analyst Lloyd Walmsley raised his price target for Facebook to $235 saying he sees further room for the stock to run. The analyst likes Facebook into the Q2 results citing his positive advertising checks and likely margin upside driving Street estimates higher. He expects positive commentary around navigating Europe's new regulations and Instagram in particular. Walmsley keeps a Buy rating on Facebook shares.
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