BTIG Cuts Facebook To Hold, Warns Street Estimates Are Too High

Tech Trader Daily
By Teresa RivasJul 22, 2016, 10:26 am45 pts
Facebook (FB) shares are up more than 15% this year, but BTIG warns that investors might be expecting too much from the tech giant after its great run. Analyst Richard Greenfield cut his rating on the stock from Buy to Hold, writing that the move comes after Facebook passed his $117 price target.…

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