This morning, Canaccord Genuity initiated coverage on shares of Facebook (NASDAQ:FB) with a buy rating as the company is just in the initial stages of monetizing its vast user base. With the buy rating, Canaccord set a $60 price target. Shares of Facebook were higher on the news, picking up 1.6% today.
And Sterne Agee upgraded shares of Cash America (NYSE:CSH) to a neutral rating as regulatory changes will take longer than originally anticipated. With the upgrade, Sterne Agee set a $40 price target. Shares of Cash America were modestly higher today, gaining 0.3% so far.
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