UPDATE: Citigroup Upgrades Facebook Following Conversations with Advertisers and Agencies
September 24, 2013 at 10:13 AM EDT
In a report published Tuesday, Citigroup analyst Mark May upgraded the rating on Facebook (NASDAQ: FB ) from Neutral to Buy, and raised the price target from $32.00 to $55.00. In the report, Citigroup noted, “When we initiated we were concerned that the rapid shift in usage from desktop to
