JPMorgan Note Helps Facebook Top $40 and 2 More Heavily Traded Stocks to Follow

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Facebook Inc. (NASDAQ:FB): Current price $40.55

Facebook shares are up over 5 percent Friday afternoon, moving beyond $40, on an upbeat J.P. Morgan note that pointed to ”solid trends in overall engagement” among both mobile and desktop users. In the note, analyst Doug Anmuth at J.P. Morgan, interpreting new data from comScore, said that, “We continue to believe that Facebook’s strong mobile usage is offsetting desktop declines and that competing services are having only a modest impact on Facebook.” J.P. Morgan maintains an Overweight on Facebook along with a price target at $44.

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