Wednesday, June 27, 2012

"Here Are Facebook’s New Ratings" (FB)

From Deal Journal:
The 40-day quiet period for analysts at Facebook’s underwriters ended yesterday.
Today those analysts are out with reports.

Goldman Sachs, one of the IPO’s lead underwriters, initiated its coverage with a “buy” rating, and a $42 12-month price target, or $4 above Facebook’s IPO price and 27% above Tuesday’s closing price of $33.10.

J.P. Morgan, the No. 2 underwriter, gave the stock an “overweight,” and the top price target of the morning at $45....MORE, including table