Price Target Changed: Facebook (FB), BlackBerry (BBRY), Netflix (NFLX), IBM (IBM), AT&T (T), Morgan Stanley (MS)

Facebook, Inc. (FB) was reiterated a ‘Buy’ by Needham analysts on Tuesday. The broker also raised its price target on the stock to $130 from $115. Firm believes that the bulk of online ad growth will be in mobile and Facebook garners 75% of mobile advertising dollars.

BlackBerry Limited (BBRY) was reiterated as ‘In-line’ with a $7.50 from $9.00 price target on Tuesday by Imperial Capital.

BlackBerry Ltd. recently traded at $7.13, a gain of $0.03 over Monday’s closing price. The name has a current market capitalization of $3.75 billion.

Netflix, Inc. (NFLX) rating of ‘Buy’ was reiterated today at Needham with a price target decrease of $115 from $125 (versus a $108.40 previous close). Netflix’S target was also lowered to $145 from $155 at Pivotal Research Group, and to $109 from $120 at Mizuho following the co.’s beat on bottom-line estimates in Q1 but weak Q2 international subscriber guidance.

The stock is tanking in early trading. It’s currently down about 11% to $96.63 a share, compared to Monday’s closing price of $108.40

Shares of International Business Machines Corporation (IBM) are down $8.82 to $143.71 in late morning trading despite a price target increase to $150 from $132 at UBS. On Monday the Big Blue reported Q116 revenue that fell 4.6% year-over-year, despite top and bottom-line beats.

AT&T, Inc. (T) was reiterated as ‘Buy’ with a price target increase of $44 from $39 at Nomura.

AT&T is currently printing a normal average trading volume with the issue trading about 5 million shares, compared to the average volume of 21.88 million. The stock began trading this morning at $38.80 to currently trade 0.36% higher from the prior days close of $38.65. On an intraday basis it has gotten as low as $38.53 and as high as $38.83.

UBS this morning reiterated a ‘Buy’ rating on the shares of Morgan Stanley (MS). The firm however, lowered its price target on the name to $32 from $34.

On valuation measures, Morgan Stanley shares are currently priced at 9.03x this year’s forecasted earnings, compared to the industry’s 11.91x earnings multiple. Ticker has a PEG and forward P/E ratio of 1.12 and 8.81, respectively. Price/Sales for the same period is 1.43 while EPS is $2.90.

Currently there are 15 analysts that rate MS a ‘Buy’, 10 rate it a ‘Hold’. One analyst rates it a ‘Sell’. Morgan Stanley has a median Street price target of $32.00 with a high target of $47.00.

MS shares are down 18.63% year-to-date and are currently trading at $26.20.

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