Analysts: Facebook’s Scale Not Reflected in Stock and 3 More Research Notes to Peruse

Facebook Inc. (NASDAQ:FB): Needham raised its price target for Facebook shares to $65 from $37, as well as its third-quarter fiscal year 2013 and fiscal year 2014 estimates for the company; the firm believes the current share price does not adequately reflect Facebook’s global scale and keeps a Buy rating on the stock.

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J.C. Penney & Co. (NYSE:JCP): Deutsche Bank slashed its price target for J.C. Penney shares in half, to $6, after lowering its same-store-sales and earnings estimates for the department stores; the firm continues to see department stores as one of the less attractive sectors in retail and keeps a Hold rating on the shares. J.C. Penney closed Monday down 58 cents, to $6.42.

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Marriott International Inc. (NYSE:MAR): Credit Suisse added Marriott to the U.S. Focus List given a compelling total return profile and an upside to North American incentive fees; the firm rated Marriott shares an Outperform and raised the price target on the stock to $50 from $48.

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Halliburton Co. (NYSE:HAL): Halliburton’s stock fell Monday in the wake of disappointment with the company’s outlook for North and Latin America, but RBC Capital expects the company’s Analyst Day on November 6 to provide a positive catalyst for the shares; the firm keeps a $58 price target and Outperform rating on Halliburton stock.

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