Facebook Slips on Raymond James Downgrade and 2 Other Hot Stocks to Watch
Facebook Inc. (NASDAQ:FB): Current price $50.70
Shares have touched as low as $50.40 Monday after analyst Aaron Kessler at Raymond James lowered his rating on the stock to Outperform from Strong Buy. In a research note, Kessler commented that his action was primarily due to valuation. However, he also increased his price target on Facebook from $38 to $56 per share.