Morgan Stanley Cuts Price Target on Facebook (FB) to $32
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Price: $45.08 -0.07%
Rating Summary:
46 Buy, 17 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
46 Buy, 17 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Morgan Stanley's Scott Devitt is the latest analyst to cut his price target on Facebook (NASDAQ: FB). Devitt goes from $38 to $32, while keeping his Overweight rating on the stock.
The analyst cut 2015-2020 revenue estimates on a likely decrease in desktop time, meaning fewer ads.
JPMorgan also cut its FB target today, which is trading a new all-time lows.
For an analyst ratings summary and ratings history on Facebook click here. For more ratings news on Facebook click here.
Shares of Facebook are down 1.66 percent to $17.76.
The analyst cut 2015-2020 revenue estimates on a likely decrease in desktop time, meaning fewer ads.
JPMorgan also cut its FB target today, which is trading a new all-time lows.
For an analyst ratings summary and ratings history on Facebook click here. For more ratings news on Facebook click here.
Shares of Facebook are down 1.66 percent to $17.76.
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