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Facebook, Inc. (FB) Message Board

  • nusaiba nusaiba Jun 5, 2013 3:45 PM Flag

    Hot News!BMO Capital upgraded Facebook (NASDAQ: FB) from Market Perform to Outperform with a price target of $33.00 (from $32.00), saying sentiment has grown overly negative.

    BMO Capital upgraded Facebook (NASDAQ: FB) from Market Perform to Outperform with a price target of $33.00 (from $32.00), saying sentiment has grown overly negative.

    Analyst Dan Salmon cited: "1) We checked in with around a dozen agency and ad tech industry contacts over the past week and sentiment around Facebook advertising remains quite positive, with emphasis on improved customer service in particular; 2) investor sentiment has grown overly negative on long-term usage concerns of younger users; we agree with this risk, but believe the Street is underestimating the “portfolio of social networks” strategy that is emerging to address this over the long term, and; 3) we see a near-to mid-term catalyst in the form of an upgraded video advertising offering before 4Q13."

 
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