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UPDATE: BTIG Upgraded Facebook to Neutral

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BTIG upgraded Facebook (NASDAQ: FB) from Sell to Neutral and removed a $16 downside price target.

The firm's Richard Greenfield believes Facebook will "significantly exceed" Q4 Street estimates given increasing ad sales from mobile devices. The analyst warned Facebook is heading toward "serious user experience mistakes" over the long- term as it increases its number of ads.

Latest Ratings for FB

DateFirmActionFromTo
Sep 2016Loop CapitalInitiates Coverage onBuy
Sep 2016CitigroupMaintainsBuy
Sep 2016Morgan StanleyMaintainsOverweight

View More Analyst Ratings for FB
View the Latest Analyst Ratings

Posted-In: Analyst Color Upgrades Analyst Ratings

 

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