Facebook hits new low as broker queries its value

Menlo Park : CA : USA | Jun 04, 2012 at 9:19 PM PDT

Source: Independent

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Sanford C Bernstein & Co initiated coverage with an 'underperform' rating and a $25 target price. The shares fell 3.4pc to $26.79 in early trading in New York, and touched $26.57, the lowest intraday price since the stock began trading at $38 on May 18. "It is difficult to argue for owning the stock today,"... FULL ARTICLE AT Independent

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