UPDATE: Citi Starts Facebook (FB) at Neutral
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Price: $42.42 -0.35%
Rating Summary:
46 Buy, 17 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
46 Buy, 17 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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(Updated - July 10, 2013 7:20 AM EDT)
Citi initiates coverage on Facebook (NASDAQ: FB) with a Neutral rating and $27 price target.
Analyst Mark May comments, "Great potential and asset value (large, engaged global audience; data) and sentiment is improving at these levels, but desktop to mobile transition creates uncertainty, particularly about 2H13 numbers. Other examples of transitional/n-t forecasting risk incl. ad products chgs, News Feed redesign, and opex/margin guidance. Could pull monetization levels (e.g., ad network, video), but if/when/what? Hard to take a side currently; need to get comfortable w/ 2H13/CY14 numbers."
For an analyst ratings summary and ratings history on Facebook click here. For more ratings news on Facebook click here.
Shares of Facebook closed at $24.71 yesterday.
Citi initiates coverage on Facebook (NASDAQ: FB) with a Neutral rating and $27 price target.
Analyst Mark May comments, "Great potential and asset value (large, engaged global audience; data) and sentiment is improving at these levels, but desktop to mobile transition creates uncertainty, particularly about 2H13 numbers. Other examples of transitional/n-t forecasting risk incl. ad products chgs, News Feed redesign, and opex/margin guidance. Could pull monetization levels (e.g., ad network, video), but if/when/what? Hard to take a side currently; need to get comfortable w/ 2H13/CY14 numbers."
For an analyst ratings summary and ratings history on Facebook click here. For more ratings news on Facebook click here.
Shares of Facebook closed at $24.71 yesterday.
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