January 31, 2013 at 09:32 AM EST
UPDATE: Citigroup Downgrades Facebook to Neutral; Agressive Investment Mode
Citigroup downgraded Facebook (NASDAQ: FB ) from Buy to Neutral and maintained a $30.00 price target. Citigroup commented, "We view FB as a core long-term ‘Net stock. But with plans to invest heavily in the biz in 2013, and little expected contribution from new initiatives like Gifts or Graph
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