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5-Star Analyst Cuts Near-Term Facebook Estimates; Remains Bullish on the Stock

The phrases “flattening the curve” and “social distancing” are among those most likely to pop up in future discussions recalling the coronavirus pandemic of the early 21st century. But among students of Wall Street’s behavior during the period, the phrase “lowering estimates” might get a few mentions, too.

As valuations have plummeted, stocks are currently selling at significant discounts due to COVID-19’s restructuring of the market. Facebook (FB), the world’s most successful social media platform, hasn’t been immune to the…

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