U.S. Markets closed

Jump in Facebook shares leave analysts racing to catch up, Bloomberg says

Shares of Facebook have jumped 32% so far this year, compared with a 1.6% gain for the Standard & Poor’s 500 Index which has left forty-nine analysts who cover the company racing to catch up, reported Bloomberg. Thirty-eight of the analysts recommend the company with the equivalent of a buy rating, while twenty-one of the total now have share-price targets below where Facebook is trading.