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Facebook's New Analyst Ratings From... Everyone, Top to Bottom

Facebook, Inc. (NASDAQ: FB) may have seen a jump in most recent short interest, but today marked the official end of the quiet period of 40 days from the IPO.  This means that research firms are finally allowed to initiate investment coverage on the stock.

We pulled the whole syndicate group and will be updating these research calls throughout the day and likely on Thursday as the last firms issue their ratings. We are also updating the price reaction throughout the day.

•Morgan Stanley (NYSE: MS) – Started as Overweight with $38 target

•J.P. Morgan Securities LLC -Started as Outperform with $45 target

•Goldman, Sachs & Co. – Started as Buy with $42 target

•BofA/ML (Merrill Lynch, Pierce, Fenner & Smith) – Started as Neutral

•Barclays Capital Inc. – Started as Equal-weight

•Allen & Company LLC

•Citigroup Global Markets Inc. – Started as Neutral

•Credit Suisse Securities (USA) LLC – Started as Neutral

•Deutsche Bank Securities Inc.

•RBC Capital Markets, LLC – Started as Outperform and $40 target

•Wells Fargo Securities, LLC – Started as Outperform with $37 to $40 range

•Blaylock Robert Van LLC

•BMO Capital Markets Corp. – Started as Underperform with $25 target

•C.L. King & Associates, Inc.

•Cabrera Capital Markets, LLC

•CastleOak Securities, L.P.

•Cowen and Company, LLC. – Started as Neutral

•E*TRADE Securities LLC

•Itaú BBA USA Securities, Inc.

•Lazard Capital Markets LLC – Started as Neutral

•Lebenthal & Co., LLC

•Loop Capital Markets LLC

•M.R. Beal & Company

•Macquarie Capital (USA) Inc.

•Muriel Siebert & Co., Inc.

•Oppenheimer & Co. Inc. – Started as Outperform with $41 target

•Pacific Crest Securities LLC – Started as Sector Perform

•Piper Jaffray & Co. – Started as Overweight

•Raymond James & Associates, Inc. – Started as Market Perform

•Samuel A. Ramirez & Company, Inc.

•Stifel, Nicolaus & Company, Incorporated – Started as Hold

•The Williams Capital Group, L.P.

•William Blair & Company, L.L.C. – Started as Outperform

PRICE REACTION: at 9:28 AM EST Facebook shares are down 1.9% at $32.47 on over 950,000 shares.

Update at 8:50 AM EST: shares now trading -2.4% at $32.30 on 576,000 shares seen.

Also, here were the prior calls seen before the quiet period expiration from firms which did not participate in the underwriting:

•Argus – Hold – $38

•Nomura – Buy

•S&P Capital IQ – Neutral

•Ironfire Capital – Dead in 5 years  

•Evercore – Equalweight – $39

•JMP Securities – Market Outperform – $39

•Bernstein – Underperform – $25

•Baird – Outperform – $37

•Needham – Buy – $40

Stay tuned to this URL update on Wednesday and Thursday for more Buy, Hold, and Sell reports.

JON C. OGG

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