UPDATE: Wedbush Raises PT on Facebook on Multiple Positive Factors
September 18, 2013 at 11:40 AM EDT
In a report published Wednesday, Wedbush analyst Michael Pachter reiterated an Outperform rating on Facebook (NASDAQ: FB ), and raised the price target from $39.00 to $49.00. In the report, Wedbush noted, “Maintaining our OUTPERFORM rating, but raising our price target to $49 from $39 to reflect market conditions, improving
