Facebook (NASDAQ:FB): Wedbush increased its price target on Facebook to $49 from $39, as the firm thinks the company is just beginning to realize its vast monetization potential and is poised to benefit from video advertising. The firm also expects Facebook to generate significant operating leverage in the future, and it keeps an Outperform rating on the stock.
Procter & Gamble (NYSE:PG): Barclays downgraded Procter & Gamble to Equal Weight from Overweight and expects shares to remain range bound until the company can show signs of sustained revenue growth. The price target on the shares has been lowered to $83 from $87.
Nokia (NYSE:NOK): Credit Suisse upgraded Nokia to Outperform from Neutral based on valuation creation of its vast patent portfolio unlocked by the Microsoft deal.
Adobe (NASDAQ:ADBE): Deutsche Bank raised its price target for Adobe shares to $58 from $52, and the firm reiterates a Buy rating on the stock following the company’s third-quarter results. Deutsche says results missed estimates, as subscription additions of 331,000 were well ahead of plan.