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Fly News Breaks for January 24, 2020
FB
Jan 24, 2020 | 06:37 EDT
KeyBanc analyst Andy Hargreaves raised his price target for Facebook to $263 from $240 and made no change to his Overweight rating ahead of the company's Q4 earnings report. In a research note to investors, Hargreaves says he believes ad spending across the major internet platforms remained healthy in Q4, which should drive solid top-line performance across the space. He expects margin commentary at Facebook to remain consistent and point to improving trends through 2020.
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