January 8, 2018 / 7:09 PM / a year ago

BUZZ-Facebook up after analysts click on 'like'

** Shares of Facebook up 0.7 pct at $187.93 on Mon after at least three sell-side analysts raised their price targets and FBN Securities called the social media network its “top pick” for 2018

** FBN Securities analyst Shebly Seyrafi said in a research note that recent channel checks point to 2018 rev above consensus, and said FB’s expense growth could be less than expected

** Seyrafi also said investors over-estimate potential for regulatory backlash against social media cos, which have been criticized for promoting “fake news”

** JPMorgan analyst Doug Anmuth reiterated Facebook as “top large-cap” for 2018, pointing to strong user engagement, ad rev growth and valuation

** Anmuth raised PT to $230 from $225

** Credit Suisse raised PT to $232 from $230, while Wells Fargo raised PT to $230 from $215

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