Wall Street starts to trim Facebook targets as shares fall


  • World
  • Wednesday, 21 Mar 2018

(Reuters) - DZ Bank was the third Wall Street brokerage this week to make a rare cut in price targets for Facebook Inc on Wednesday as the social network's shares slid for a third day in response to a row over data use by Cambridge Analytica.

The brokerage cut its target for the California-based firm by $20 to $210, still way above the current share price of $165 but adding to signs that Wall Street analysts are waking up to the risks to the company.

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