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Argus Starts Facebook (FB) at Hold, Sets $38 Price Target

June 21, 2012 8:09 AM EDT Send to a Friend
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Price: $74.69 +1.12%

Rating Summary:
    40 Buy, 8 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 3 | Down: 4 | New: 7
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An analyst at Argus initiated coverage on shares of Facebook (NASDAQ: FB) with a Hold rating and a $38 price target Thursday morning.

With the stock up about 0.3 percent to $31.70 in pre-open action, the firm's new price target represents potential upside of nearly 20 percent.

For an analyst ratings summary and ratings history on Facebook click here. For more ratings news on Facebook click here.




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