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Social Media Stocks in Focus as Twitter Valuation Rises (BLK) (FB) (ZNGA)

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Raymond James Upgrades Facebook (FB) to Outperform

January 28, 2013 6:54 AM EST

Raymond James upgraded Facebook (NASDAQ: FB) from Market Perform to Outperform with a price target of $38.00.

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 $31.54 yesterday, with a 52 week range of $17.55-$42.99.... More