FB: An upgrade to Strong Buy from Raymond James'...

9:48 AM An upgrade to Strong Buy from Raymond James' Aaron Kessler leads Facebook (FB +3.4%)  to rally in early trading. Kessler, who upgraded Facebook to Buy on Jan. 28, is bullish about new ad formats, rising ad inventory, and mobile ad growth, and sees a valuation of11x 2014E EV/EBITDA as attractive in light of a forecast for a 25% 5-year EBITDA CAGR. Q1 results arrive on Wednesday. (Goldman) Read comments

FB price at time of publication: $26.99. Check FB price now »

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Focus Articles on FB

• Facebook Home Flops: Download Rates Are Slow And Reviews Are Mostly Negative by Elephant Analytics
• Facebook - Remain Short As New Products Are Duds by Sneha Shah
• Watch Out AT&T: Facebook Could Take Over The Smartphone by Renee Ann Butler

Press Releases on FB

• Facebook to Announce First Quarter 2013 Results (PR Newswire)
• Susan Desmond-Hellmann Joins Facebook Board of Directors (PR Newswire)
• Facebook to Participate in the Morgan Stanley Technology, Media & Telecom Conference (PR Newswire)

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StockTalk on FB: FB StockTalk | Twitter FB | Twitter $FB | FB Instablogs

Recent Market Alerts on FB: All currents | Earnings | Dividends | M&A | On the move

Transcripts on FB

• Facebook's CEO Discusses Q4 2012 Results - Earnings Call Transcript
• Facebook's CEO Discusses Q3 2012 Earnings Results - Earnings Call Transcript
• Facebook Management Discusses Q2 2012 Results - Earnings Call Transcript

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