Morgan Stanley Initiates Facebook at Overweight

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Analysts at Morgan Stanley initiated coverage on shares of Facebook
FB
with a Overweight rating. The target price for Facebook is set to $90. Facebook shares have gained 55.52% over the past 52 weeks, while the S&P 500 index has surged 14.56% in the same period. Facebook's shares rose 0.68% to $75.50 in pre-market trading.
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Posted In: InitiationAnalyst RatingsMorgan Stanley
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