UPDATE: SunTrust Initiates Facebook at Buy on Scale and Reach
July 16, 2013 at 09:23 AM EDT
In a report published on Monday, SunTrust analyst Robert S. Peck initiated coverage on Facebook (NASDAQ: FB ) with a Buy rating and a $32 price target. In the report, SunTrust stated, "Facebook reaches over 1.1b unique visitors every month and over 660m unique visitors every day! The scale and
