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Facebook (FB -3.6%) heads south as investors who bid up shares on expectations of favorable...

Facebook (FB -3.6%) heads south as investors who bid up shares on expectations of favorable underwriter coverage are disappointed to receive a mixed bag of ratings. Lead underwriter Morgan Stanley rates Facebook an Outperform, but its PT of $38 only matches the company's IPO price - analyst Scott Devitt (previous) predicts Facebook will post annual Payments revenue growth of just 17% from 2013-16, as gaming activity shifts to mobile devices.
Comments (2)
  • I have been wondering why almost 90% of articles written about FB have a tendency to speak about its failure.
    27 Jun 2012, 12:22 PM Reply Like
  • Not even its underwriters want anything to do with the company.
    27 Jun 2012, 07:39 PM Reply Like
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