Scalper1 News
MKM Partners initiated coverage of social media network powerhouse Facebook (FB) on Friday with a buy rating and price target of 105, citing the company’s earnings potential. Facebook stock was up 1.7% to 76.50 in afternoon trading on the stock market today. Facebook stock is trading near its three-month low of 70.32, set in mid-October. In Q3, Facebook beat estimates on the top and bottom lines, but also warned that operating costs in Q4 and Scalper1 News
Scalper1 News