Facebook (FB) Will Still Be Blocked in China

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UPDATE: Facebook (FB) Growth Sustainable; Citi Upgrades to Buy

September 24, 2013 6:37 AM EDT

(Updated - September 24, 2013 8:49 AM EDT)

Citi upgraded Facebook (NASDAQ: FB) from Neutral to Buy with a price target of $55.00 (from $32.00). Analyst Mark May thinks recent factors driving the sudden inflection in ad growth are sustainable. He also noted a number other factors that will contribute to... More