By: Benzinga
November 19, 2012 at 10:39 AM EST
UPDATE: Piper Jaffray Reiterates Overweight Rating, Lowers PT on Facebook
In a report published Monday, Piper Jaffray & Co. reiterated its Overweight rating on Facebook (NASDAQ: FB ), but lowered its price target from $41.00 to $38.00. Piper Jaffray noted, “We continue to view shares of FB positively as the company has demonstrated its ability to monetize on mobile. We
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