Monday, May 7, 2012

Facebook: Sterne Agee Launches With Buy Rating, $46 Price Target (FB)

I don't care who you are,
Now that's funny
-Larry the Analyst Guy
A nice catch by Eric Savitz.
From Forbes:
Sterne Agee analyst Arvind Bhatia this morning launched coverage of Facebook with a Buy rating and $46 target price. That’s an eye-opening move, given that the company isn’t expected to price its IPO until later this morning. Current price talk projects an IPO price of $28 to $35 a share....MORE