 Business Insider | Prominent Facebook Underwriters Cut Their Price Targets Wall Street Journal Scott Devitt, an analyst with lead Facebook underwriter Morgan Stanley, cut his price target on the company for the next 12 months by 16%, to $32 from $38, and warned that under the worst-case scenario shares could fall as low as $17. His prior target ... Facebook Falls to Record Low After Morgan Stanley Report Facebook shares reach new low; $50 billion in market value lost Facebook Plumbs New Lows: More Target Cuts; Change in 'Philosophy'? |
