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Morgan Stanley's New $160 Target On Facebook Is About Middle Of The Pack

Morgan Stanley reiterated its Buy rating on Facebook Inc FB 1.02%, while raising its price tag from $150 to $160. This price objective is about the middle of price targets announced by various brokerages.

For instance, Jefferies reiterated its price objective of $170, while Baird has a $155 target.

The highest price appears to be set by Piper Jaffray with $185. CLSA, which has a Buy rating, sits at $180.

BTIG's $117 target is on the lower end.

In the last month, Monness is the only brokerage to downgrade the stock to Hold. Twenty-six brokerages have reiterated their Buy rating. There are no brokerages with a Sell rating on the stock.

Similarly, 19 analysts have a price target of $150 and above. Of this, 13 brokerages have a price objective of $160 and above, while five analysts are at $170 or higher.

The stock traded up by $0.89, or 0.69 percent, to $130.62 at time of writing.

DateFirmActionFromTo
Sep 2016Morgan StanleyMaintainsOverweight
Jul 2016Pacific CrestMaintainsBuy
Jul 2016JMP SecuritiesMaintainsMarket Outperform

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