SunTrust Raises Facebook PT and Estimates on Increased Optimism
January 06, 2014 at 09:11 AM EST
In a report published Monday, SunTrust Robinson Humphrey analyst Robert Peck raised estimates and the price target from $55.00 to $65.00 for Facebook (NASDAQ: FB ) based on increased optimism. Peck noted improvement in ad quality and pricing, in addition to stable trends in user growth and engagement. The analyst
