WALL STREET: Stifel Nicolaus & Co. Analysts Upgrade Facebook To ‘Buy’
Facebook’s work week began with some good news by way of Wall Street, as Stifel Nicolaus & Co. Analysts Jordan Rohan, Michael Purcell, and Nathaniel Brogadir upgraded the social network’s stock to “buy” from “hold” in a research note, MarketWatch reported.
Facebook’s work week began with some good news by way of Wall Street, as Stifel Nicolaus & Co. Analysts Jordan Rohan, Michael Purcell, and Nathaniel Brogadir upgraded the social network’s stock to “buy” from “hold” in a research note, MarketWatch reported.
The analysts said upside catalysts are being ignored, including Facebook’s potential addition to the S&P 500 index, back-to-school seasonality, monetization efforts at Facebook-owned photo-sharing network Instagram, and its new products and advertising formats, writing:
(Facebook) presents one of the most compelling investments in the Internet sector.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in