Facebook Will Reap Substitution of TV by Digital Ads, Says Cantor

Tech Trader Daily
By Tiernan RayJul 1, 2015, 5:33 pm125 pts
Cantor Fitzgerald‘s Youssef Squali today reiterated his Buy rating on shares of Facebook (FB), and raising his price target to $100 from $92, writing that the company stands to benefit as Internet advertising surpasses TV ad spending come 2020. Squali also raised his estimates. For this year, he sees $17.23…

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