UPDATE: Stifel Nicolaus Downgrades Facebook to Hold on Heavy Investment Phase

UPDATE: Stifel Nicolaus Downgrades Facebook to Hold on Heavy Investment Phase

By: Latest Articles from Benzinga.com

Posted on January 31, 2013 at 11:15 AM EST

Stifel Nicolaus downgraded Facebook (NASDAQ: FB ) from Buy to Hold and removed a $31.00 price target. Stifel Nicolaus said, "We have reduced our rating on shares of FB from Buy to Hold. Facebook reported what we view as solid 4Q12 results; ad revenue growth accelerated to 43% ex-FX.

Related Stocks:

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates