Epic Research Singapore : Facebook

Facebook FB -1.03% shares shed 1%, to close at $50.52 after Raymond James analyst Aaron Kessler trimmed his rating on the social networker’s stock to outperform from strong buy. In a research note, Kessler said he made the move largely on valuation matters. Kessler also raised his price target on Facebook’s stock to $56 a share from $38.  

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