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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.

Posted-In: Analyst Color Upgrades Analyst Ratings

 

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