Facebook (FB) Debuts New Streamlined Look for 'Pages'

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UPDATE: Facebook (FB) PT Raised to $85 at Citi as Catalysts Come to Fruition

March 11, 2014 9:00 AM EDT

(Updated - March 11, 2014 9:22 AM EDT)

Citi maintained a Buy rating on Facebook (NASDAQ: FB) and raised its price target to $85.00 (from $70.00). The change reflects its WhatsApp acquisition, ads on Instagram, and video ads on Facebook.

"Since we published The Path to $70 report on 11/1/13, some of the items we analyzed then have already begun to come to fruition... More