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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
Aug 2015SusquehannaInitiates Coverage onPositive
Jul 2015BarclaysMaintainsOverweight
Jul 2015Credit SuisseMaintainsOutperform

View More Analyst Ratings for FB
View the Latest Analyst Ratings

Posted-In: Analyst Color Upgrades Analyst Ratings

 

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