Facebook Inc. (NASDAQ:FB) Citigroup believes Facebook could add $3 billion in revenue and $1.8 billion in adjusted EBITDA in the next two years, potentially driving shares to $70; the firm sees opportunity for Facebook to leverage its user base and keeps a Buy rating on the stock with a $57 price target.
First Solar Inc. (NASDAQ:FSLR): Citigroup raised its price target for First Solar to $63 from $50, citing higher efficiencies and a healthy pipeline following the company’s better-than-expected third-quarter results; the firm keeps a Buy rating on the stock.
Ariad Pharmaceuticals (NASDAQ:ARIA): Jefferies downgraded Ariad to Hold from Buy, citing significant uncertainty in the near-term for Iclusig; the firm lowered its price target for Ariad shares to $2.50 from $7.
Avon Products (NYSE:AVP): Deutsche Bank views the post-earnings pullback in shares of Avon Products as a buying opportunity, since it still sees significant margin and growth opportunity despite near-term challenges; the firm lowered its price target for Avon Products shares to $25 from $27 and keeps a Buy rating on the name.
Investing Insights: Can Facebook Continue to Trend Higher?