U.S. ad market faces longer road to recovery as states' reopening efforts sputter

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BMO Capital Reiterates Market Perform Rating on Facebook (FB) Ahead of 2Q

July 27, 2020 7:00 AM EDT

BMO Capital analyst Daniel Salmon reiterated a Market Perform rating and $220.00 price target on Facebook (NASDAQ: FB) ahead of the company's 2Q earnings report. Salmon expects near-term trends to be among the strongest in BMO Capital's ad supported coverage universe and continues to believe boycotts... More