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RBC Capital analyst Brad Erickson initiated coverage of Facebook Inc (NASDAQ: FB) with an Outperform rating and $425 price target, indicating a 25.1% upside. In a note titled “There’s Just Nothing Else Quite Like It,” Erickson said the next leg of growth depends on the company’s ability to deepen its relationship with its nearly 3 billion users.
...read full article on Benzinga
