Janney Capital Downgrades Facebook (FB) to Neutral

Janney Capital analyst Tony Wible downgraded Facebook (NASDAQ: FB) from Buy to Neutral with a price target of $82.50.

Wible comments, "We are downgrading FB to Neutral from Buy as we reposition our picks for the forthcoming year, and as we believe FB’s strong performance to date will start to face valuation headwinds in 2015 as top line growth, engagement, and MAU naturally decelerate. We suspect we are already seeing some of this as the stock has started to react less to earnings upside. The company has tremendous monetization opportunities beyond its massive core mobile ad market as it finds ways to make more through video advertising, new online assets (e.g. Instagram), and new products (e.g. search). Many investors already expect this to happen. Our earnings numbers, which also reflect this optimism, and FV are unchanged at $82.50."

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 $75.96 yesterday.

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