Facebook's (FB +1.9%) lead underwriters - Morgan Stanley, JPMorgan, and Goldman - have been...

|About: Facebook (FB)|By:, SA News Editor

Facebook's (FB +1.9%) lead underwriters - Morgan Stanley, JPMorgan, and Goldman - have been unwaveringly bullish since the company's May IPO: all 40 of the reports issued by the firms featured buy recommendations. Moreover, though others have issued bearish reports, none of the 208 reports released by Facebook's 33 underwriters have urged investors to sell, per Thomson Reuters (62% were bullish, 38% neutral). In spite of its recent rally, Facebook is still down 30% from its $38 IPO price. (BMO upgrade)