Roth MKM hikes estimates, price target for Meta Platforms, saying that the company's traditional advertising business is showing signs of strength.
Kulkarni also hiked the price target on Meta to $315 per share from $255. The stock closed at just under $285 per share on Thursday.Manufacturing activity in the U.S. slowed more than expected in June, according to an S&P flash PMI reading released Friday that was the lowest in six months.
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