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Fly News Breaks for April 22, 2019
FB
Apr 22, 2019 | 07:09 EDT
BMO Capital analyst Daniel Salmon raised his price target on Facebook to $190 to reflect his rolled out valuation model to 2021 estimates, saying that while there are no changes to his estimates, he expects the company's revenue deceleration to bottom in Q4 of this year and inflect higher in Q1 of next year. The analyst also believes that Facebook stock could outperform if it can execute on its Stories monetization strategy and has a positive view on its product innovation while looking for greater visibility into the company's privacy initiative.
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