Facebook (NASDAQ:FB) gets a target boost from $270 to $280 at Deutsche Bank, citing improved core app performance that will continue into this year.

Analyst Lloyd Walmsley says the app’s “resurgence” could drive top-line and multiple expansion.

Deutsche maintains a Buy rating on Facebook. The company has a Bullish average Sell Side rating.

Upcoming catalyst: Facebook will report earnings on January 29.

FB shares are down 0.1% pre-market to $221.61.





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