Market Overview

UPDATE: BTIG Upgraded Facebook to Neutral

Related FB
Instagram Shopping Just Got A Lot Easier
#PreMarket Primer: Friday, August 29: Japanese Economy Proves Resilient
Social Media, Groupthink and the Spiral of Silence (Fox Business)

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

 

Related Articles (FB)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters