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Facebook (FB) PT Raised to $120 by Piper Jaffray's Munster on Oculus

June 22, 2015 7:00 AM EDT

Piper Jaffray analyst Gene Munster reiterated an Overweight rating and boosted his price target on Facebook (NASDAQ: FB) to $120.00 (from $92.00), saying Oculus is a valuable insurance policy on the future of computing.

Munter commented, "Over the next 10 years, we expect a shift... More