Facebook IPO Update: Analyst Cut Its Ratings On Nasdaq

Posted on May 23 2012 - 3:40pm by Editorial Staff

The time seems busting for Facebook as since from the day company goes public, a lot of only “downs” the company is facing: (see) Facebook IPO investor sues Nasdaq over first day trading delays, Nasdaq regrets over Facebook IPO delay on first day, Regulators might review bank’s Facebook allegations, and Facebook earnings revision by numbers. But wait, there is lot to come more and this time with the bang – a big bang – The Wall Street Journal is reporting that analysts are cutting their ratings on Nadsaq.

  • Raymond James cut Nasdaq OMX Group to “market perform” from “outperform”
  • Deutsche Bank also stepped back from its “buy” rating on Nasdaq OMX Group, downgrading it to “hold”

Facebook is currently trading at $31.99, up 0.99 from last close (3.19%).

(Image Source: MBAOnline.com, Featured Image)

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Editorial Staff

Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.