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Facebook higher after Argus upgrades, sets $115 target

Argus Research's Joseph Bonner has upgraded Facebook (FB +1.7%) to Buy, and set a $115 target.

Echoing arguments familiar to many sell-side firms, Bonner cites Facebook's high mobile adoption rates, mobile ad monetization, and the potential of Messenger and Oculus. He also argues Facebook's Shopping page (currently being tested) will be well-received by...