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Fly News Breaks for January 22, 2020
FB
Jan 22, 2020 | 05:11 EDT
Pivotal Research analyst Michael Levine raised his price target for Facebook to $245 from $225 after rolling forward his valuation framework by a year. The analyst keeps a Buy rating on the shares. The stock is "extremely cheap" relative to its growth rates, says the analyst, who questions if Facebook's multiple can break out to new highs given the regulatory overhang.
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