Bernstein Downgrades Facebook (FB) to Market Perform
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Pivotal Research Defends Facebook (FB) After Downgrades
February 12, 2013 5:47 PM ESTPivotal Research defended Facebook (NASDAQ: FB) following multiple downgrades, on concerns about slowing ad growth among other items. The firm contradict these perspectives.
Analyst Brian Wieser notes:We believe that consumption is only indirectly related to advertising budget allocations (even if the data on consumption were accurate and relied upon by... More
UPDATE: BTIG Downgrades Facebook (FB) to Sell
February 12, 2013 11:21 AM EST(Updated - February 12, 2013 11:29 AM EST)
Intra-day, BTIG downgraded Facebook (NASDAQ: FB) from Neutral to Sell with a price target of $22.00.
The firm said since their upgrade in late November 2012, expectations for Facebook have risen notably.
The firm is raising revenue... More
