Facebook (FB) Circus Continues
Posted on June 27, 2012 at 15:56 PM EDT
The Facebook (FB) Circus continues today as the IPO underwriters are now allowed to begin coverage of the stock. While JPMorgan (JPM) and Goldman Sachs (GS) issued highly favorable reviews with high price targets – $45 and $42 respectively, the reports were mixed. For example, Morgan Stanley (MS), the chief underwriter of the IPO and [...]