3 Buzzing Social Media Stocks: Facebook Gets Downgraded, LinkedIn Seen Through Peer, Pandora’s Edge

Facebook Inc. (NASDAQ:FB): Raymond James has taken Facebook from Strong Buy back to Outperform in light of recent stock runs. The firm slapped a price target of $56 on the shares, up from $38, with analyst Aaron Kessler noting that his bullish thesis on the company is playing out as expected, saying Monday’s high valuation merits the downgrade. “Based on our checks in the third quarter, we expect Facebook to deliver strong advertising revenue growth,” he asid.

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