7:20 AM Facebook's (FB) big run has made a believer of Bernstein's formerly bearish Sbern Kirjner, who upgrades the stock to Outperform with a $33 price target (from $23). "Monetization of mobile gives Facebook more time to address challenges," he writes, expecting a series of earnings beats (up upward revisions to estimates) over the next year. Shares +2.1% premarket. (Read the comments on this)
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