This morning, Jefferies increased its price target on shares of Facebook (NASDAQ:FB) to $60 as the company is rolling out promising new advertising products. In the report, Jefferies increased its EPS estimates through 2014 and reiterated its buy rating. Shares of Facebook were higher by 0.8% today.
Wells Fargo upgraded shares of Occidental Petroleum (NYSE:OXY) to an outperform rating noting that the company can unlock shareholder value through restructuring. Shares of Occidental were higher by 1.1% on the news.
And Leerink Swann upgraded shares of Cubist (NASDAQ:CBST) from market perform to outperform as acquisitions should drive growth in the near term. With the upgrade, Leerink set a $76 price target. Shares of Cubist were higher by 3.4% on Thursday.
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