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Credit Suisse raises Facebook price target to new Street high

Published 10/11/2017, 08:02 AM
© Reuters.  Credit Suisse raises Facebook price target to new Street high
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  • Credit Suisse (SIX:CSGN) raises Facebook’s (NASDAQ:FB) price target to the new Street high of $235, up from $190, with an Outperform rating.
  • Analyst Stephen Ju says Facebook’s ad deceleration troubles have passed and Q3 will feature targeted ad CPM spending that’s double the spending on untargeted ads.
  • Q3 mobile news feed estimates rise from $5.8B to $6.2B.
  • Sources: Bloomberg First Word and Notable Calls
  • Facebook shares are up 0.31% premarket.
  • Now read: Facebook And Snap: A Tale Of Teens


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