MarketWatch " FB MOBILE TO DELIVER FORMIDABLE STRENGTH & GROWING STRONG" link
an. 28, 2013, 12:27 p.m. EST
Facebook upgraded on mobile momentum
Once seen as weakness, mobile business now seen growing strong
SAN FRANCISCO (MarketWatch) — Once regarded as a weakness, Facebook Inc.’s mobile business is increasingly being viewed as holding the potential to deliver formidable strength for the social media giant.
This much was evident as Raymond James analyst Aaron Kessler raised his rating Monday on Facebook to outperform from market perform, citing “expectation for increasing monetization driven by mobile, new ad formats, and international.”
Both analysts cited Facebook’s mobile momentum .