Facebook Gets Downgrade – Pivotal Says Ad Revenue Estimates High.

Facebook has four bear calls on Wall Street now that Pivotal Research has downgraded the social-media icon to sell.

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Facebook (FB) – Get Report got a rare bear call: Analysts at Pivotal Research downgraded the social-media icon to sell from hold just weeks after cutting it to hold.

The firm also cut its price target to $180 a share from $215. The Wall Street low is $177. The average price target on Wall Street is about $246 a share, Bloomberg data show.

The Menlo Park, Calif., company is coming off disappointing fourth-quarter results, which were pressuring the stock, and analyst Michael Levine doesn’t see those issues abating anytime soon.

“We already had concerns, and they are only continuing to increase,” Levine wrote. “We would be surprised if the U.S. does not continue to decelerate.”

 

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