Despite Fears, Data Shows Facebook (FB) Still Social King

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Facebook (FB) Ad Spend Showing Solid Growth - Raymond James

June 27, 2013 8:12 AM EDT

Raymond James analyst Aaron Kessler reiterated a Strong Buy rating and $37 price target on Facebook (NASDAQ: FB) Thursday following an upbeat conference call with Facebook's largest strategic preferred marketing developers (SPMD).

"Our call indicated that Facebook ad spend has been... More