Facebook’s work week began with some good news by way of Wall Street, as Stifel Nicolaus & Co. Analysts Jordan Rohan, Michael Purcell, and Nathaniel Brogadir upgraded the social network’s stock to “buy” from “hold” in a research note, MarketWatch reported.
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The sentiment on Wall Street following Facebook’s fourth-quarter earnings call Wednesday was more negative than positive, with many analysts pointing to the social network’s staggering spending forecast for 2013 in lowering their ratings.