UPDATE: FBR Initiates On Facebook As Traction Gains With Marketers

In a report published Wednesday, FBR analyst William Bird initiated an Outperform rating on Facebook (NASDAQ: FB ) and initiated a price target of $60.00. In the report, FBR says "We are initiating coverage of Facebook, Inc. (FB) with an Outperform rating and a 12-month price target of $60 per