February 11, 2013 at 17:14 PM EST
FB: Bernstein Cuts to Hold; U.S., Europe Growth Won’t Sustain Valuation
Shares of Facebook (FB) are down 51 cents, or 1.8%, at $27.75 in late trading after Bernstein Research’s Carlos Kirjner cut his rating on the stock this afternoon to Market Perform from Outperform, and cut his price target to $27 from $33, writing that despite “significant untapped monetization opportunities” for the company, that “upside is [...]
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