By: Benzinga
February 12, 2013 at 11:52 AM EST
UPDATE: BTIG Downgrades Facebook to Sell on Cost Growth
BTIG downgraded Facebook (NASDAQ: FB ) from Neutral to Sell and established a $22.00 price target. BTIG said, "We are downgrading FB to a SELL rating with a $22 target price. Our $22 one-year price target on FB shares is based on 13x estimated 2014 EBITDA, which equates to
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