Facebook shares hit by slowest growth in years, higher expenses

The dire forecast prompted six Wall Street analysts to cut their price targets with Pivotal Research reducing its own target by $30 to $215. Pivotal analyst Michael Levine, who downgraded the stock to “hold”, said he expected cautious commentary around the first quarter of 2020 and a better result for the fourth quarter. Chief Financial Officer David Wehner said that the pace of expansion will slow further in the first quarter of 2020. …read more

Source:: Yahoo Finance

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