Cowen Speculative on Facebook (FB) Video Metrics 'Inflation' News; Affirms at Outperform
Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.
Cowen and Company affirms Facebook (Nasdaq: FB) with an Outperform rating and $150 following news that the company may have offered inflated video metrics to advertisers.
The firm commented today,
In our view, this looks like a story in search of a controversy. We have every reason to expect that FB treats its metrics and definitions as sacrosanct and that this is a case of clarification versus an attempt to mislead advertisers. Perhaps most importantly, we don't think this disagreement alters the rising importance of FB in advertiser budgets.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Facebook (FB) November weekly 140 calls active into Q3 and outlook
- Seaport Global Securities Upgrades Tutor Perini Corporation (TPC) to Buy
- Cowen Upgrades Dick's Sporting Goods (DKS) to Outperform
Create E-mail Alert Related CategoriesAnalyst Comments
Related EntitiesCowen & Co
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!