Monday, January 14, 2013

FB: Facebook (FB) is upgraded to Buy at Deutsche...

7:44 AM Facebook (FB) is upgraded to Buy at Deutsche Bank with price target raised to $40 from $24. Among the catalysts are Mobile Newsfeed Ads - a game-changer, says Deutsche, and the ramp-up is happening much faster than expected, with $200M in newsfeed revenue in Q1 maybe hitting $800M by Q4. Shares +2% premarket. Read comments

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