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November 27, 2012

Bears Turn Bullish on Facebook

Steven Russolillo, Wall Street Journal


AP Photo

One of biggest bears is adding fuel to the stock’s recent rally.

Bernstein Research, the most bearish firm on Facebook after the social network went public in May, upgraded the social network this morning to outperform from market perform. The firm said Wall Street may be underestimating Facebook’s revenue growth potential over the next 12 to 24 months.

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TAGGED: Wallstreet, Facebook

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