Facebook (FB) PT Raised to $215 at Deutsche Bank

Deutsche Bank raised its price target on Facebook (NASDAQ: FB) to $215.00 (from $189.00) while maintaining a Buy rating.

Analyst Lloyd Walmsley commented, "FB delivered a major 2Q, most likely giving investors everything they could have asked for (and yet appropriately managing expects). The co beat on revenue and costs; reduced guidance for opex and capex; noted potential for lower tax rates; and struck an upbeat tone on video, Messenger, and Instagram. Zuckerberg's Messenger comments improve the monetization narrative, likely opening the door to shares' next leg up, in our view."

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