Thursday, 26 September 2013

Stocks snap 5-day losing streak, but DC remains in focus; FB tops $50

cnbc.com - Facebook crossed above $50 a share for the first time after a series of analysts upgrades. Most recently, Jefferies lifted its price target on the social-networking giant to $60 from $37. Shares of the company have surged an impressive 85 percent year to date.Apple CEO Tim Cook and Activist investor Carl Icahn will meet in New York City next Monday where the billionaire may discuss the company's prospects.

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